Kentucky Revised Statutes · § 99.845 — Termination of conservatorship

Upon request by a party in interest or the conservator, the court may order the termination of the conservatorship if it determines:

(1) The obligations, expenses, and improvements of the conservatorship, including all costs of the conservator, have been fully paid or provided for and the purposes of the conservatorship have been fulfilled;

(2) The owner or a lienholder has requested the conservatorship be terminated and has provided adequate assurances to the court that the conditions that constituted grounds for the petition will be promptly abated;

(3) The conservator is not carrying out required duties or responsibilities as set out in KRS 99.815; or

(4) The building has been sold by the conservator and the proceeds have been distributed as set out in KRS 99.840.