393A.230 Content of report.
411 words·~2 min read·
/ky/chapter-393a/393a-230A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The report required under KRS 393A.220 shall:
(a)Be signed by or on behalf of the holder and verified as to its completeness and
accuracy;
(b)If filed electronically, be in a secure format approved by the administrator
which protects confidential information of the apparent owner in the same
manner as required of the administrator and the administrator's agent under
KRS 393A.770 to 393A.830;
(c)Describe the property;
(d)Except for a traveler's check, money order, or similar instrument, contain the
name, if known, last-known address, if known, and Social Security number or
taxpayer identification number, if known or readily ascertainable, of the
apparent owner of property with a value of fifty dollars ($50) or more;
(e)For an amount held or owing under a life or endowment insurance policy or
annuity contract, contain the name and last-known address of the insured,
annuitant, or other apparent owner of the policy or contract and of the
beneficiary;
(f)For property held in or removed from a safe-deposit box, indicate the location
of the property, where it may be inspected by the administrator, and any
amounts owed to the holder under KRS 393A.360;
(g)Contain the commencement date for determining abandonment under KRS
393A.040 to 393A.140;
(h)State that the holder has complied with the notice requirements of KRS
393A.270;
(i)Identify property that is a non-freely transferable security and explain why it is
a non-freely transferable security; and
(j)Contain other information the administrator prescribes.
(2)A report under KRS 393A.220 may include in the aggregate items valued under
fifty dollars ($50) each. If the report includes items in the aggregate valued under
fifty dollars ($50) each, the administrator shall not require the holder to provide the
name and address of an apparent owner of an item unless the information is
necessary to verify or process a claim in progress by the apparent owner.
(3)A report under KRS 393A.220 may include personal information as described in
KRS 393A.780(1) about the apparent owner or the apparent owner's property to the
extent not otherwise prohibited by federal law.
(4)If a holder has changed its name while holding property presumed abandoned or is a
successor to another person that previously held the property for the apparent
owner, the holder shall include in the report under KRS 393A.220 its former name
or the name of the previous holder, if any, and the known name and address of each
previous holder of the property.