Code · Kentucky · Chapter 393A — Revised uniform unclaimed property act

393A.090 When stored-value card presumed abandoned.

107 words·~1 min read·/ky/chapter-393a/393a-090

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

(1)Subject to Section KRS 393A.120, the net card value of a stored-value card, other

than a payroll card or a gift card, shall be presumed abandoned on the latest of three

(3)years after:

(a)December 31 of the year in which the card is issued or additional funds are

deposited into it;

(b)The most recent indication of interest in the card by the apparent owner; or

(c)A verification or review of the balance by or on behalf of the apparent owner.

(2)The amount presumed abandoned in a stored-value card shall be the net card value

at the time it is presumed abandoned.