393A.020 Inapplicability to foreign transaction.

152 words·~1 min read·/ky/chapter-393a/393a-020

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

This chapter shall not apply to:

(1)Property held, due, and owing in a foreign country if the transaction out of which

the property arose was a foreign transaction;

(2)Money, funds, or any other intangible property held by or owing:

(a)To a nonprofit exempt under Section 501(c)(3) of the Internal Revenue Code;

(b)For any minerals or other raw materials capable of being used for fuel in the

course of manufacturing, processing, production, or mining; or

(c)For any mineral proceeds;

(3)Wages or salaries of fifty dollars ($50) or less that are not claimed by an employee

within one

(1)year of the date the wages or salaries are earned, unless the amounts

are held on a payroll card;

(4)Moneys in inmate accounts and prisoner canteen accounts held by jailer under KRS

441.137; or

(5)Funds held in a lawyer IOLTA trust account under Supreme Court Rule 3.830.