393A.180 Holder domiciled in this state.

216 words·~1 min read·/ky/chapter-393a/393a-180

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

(1)Except as provided in subsection

(2)of this section or KRS 393A.160 or 393A.170,

the administrator may take custody of property presumed abandoned, whether

located in this state, another state, or a foreign country, if the holder is domiciled in

this state or is this state or a governmental subdivision, agency, or instrumentality of

this state, and:

(a)Another state or foreign country shall not be entitled to the property because

there is no last-known address of the apparent owner or other person entitled

to the property in the records of the holder; or

(b)The state or foreign country of the last-known address of the apparent owner

or other person entitled to the property does not provide for custodial taking of

the property.

(2)Property shall not be subject to the custody of the administrator under subsection

of this section if the property is specifically exempt from custodial taking under the

law of this state or the state or foreign country of the last-known address of the

apparent owner.

(3)If a holder's state of domicile has changed since the time property was presumed

abandoned, the holder's state of domicile in this section shall be deemed to be the

state where the holder was domiciled at the time the property was presumed

abandoned.