The administrator may take custody of property that is presumed abandoned, whether located in this state, another state, or a foreign country if:
(1) The last-known address of the apparent owner in the records of the holder is in this state; or

Terms Used In Kentucky Statutes 393A.160

  • Administrator: means the Kentucky State Treasurer. See Kentucky Statutes 393A.010
  • Apparent owner: means a person whose name appears on the records of a holder as the owner of property held, issued, or owing by the holder. See Kentucky Statutes 393A.010
  • Foreign: when applied to a corporation, partnership, limited partnership, business trust, statutory trust, or limited liability company, includes all those incorporated or formed by authority of any other state. See Kentucky Statutes 446.010
  • Holder: means a person obligated to hold for the account of, or to deliver or pay to, the owner, property subject to this chapter. See Kentucky Statutes 393A.010
  • Owner: when applied to any animal, means any person having a property interest in such animal. See Kentucky Statutes 446.010
  • State: means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See Kentucky Statutes 393A.010

(2) The records of the holder do not reflect the identity or last-known address of the apparent owner, but the administrator has determined that the last-known address of the apparent owner is in this state.
Effective: July 14, 2018
History: Created 2018 Ky. Acts ch. 163, sec. 16, effective July 14, 2018.

  Previous section
Next section  
 Chapter 393A Contents