393A.250 Retention of records by holder.

170 words·~1 min read·/ky/chapter-393a/393a-250

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

A holder required to file a report under KRS 393A.220 shall retain records for ten

(10)years after the later of the date the report was filed or the last date a timely report was due to be filed, unless a shorter period shall be provided by rule of the administrator. The holder may satisfy the requirement to retain records under this section through an agent. The records shall contain:

(1)The information required to be included in the report;

(2)The date, place, and nature of the circumstances that gave rise to the property right;

(3)The amount or value of the property;

(4)The last address of the apparent owner, if known to the holder; and

(5)If the holder sells, issues, or provides to others for sale or issue in this state

traveler's checks, money orders, or similar instruments, other than third-party bank

checks, on which the holder is directly liable, a record of the instruments while they

remain outstanding indicating the state and date of issue.