393A.220 Report required by holder.

129 words·~1 min read·/ky/chapter-393a/393a-220

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

(1)A holder of property presumed abandoned and subject to the custody of the

administrator shall report in a record to the administrator concerning the property. A

holder shall not be required to file a report if the holder has no property that is

presumed abandoned. The administrator shall not require a holder to file a paper

report.

(2)A holder may contract with a third party to make the report required under

subsection

(1)of this section.

(3)Whether or not a holder contracts with a third party under subsection

(2)of this

section, the holder shall be responsible:

(a)To the administrator for the complete, accurate, and timely reporting of

property presumed abandoned; and

(b)For paying or delivering to the administrator property described in the report.