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

393A.410 Disposal of securities.

81 words·~1 min read·/ky/chapter-393a/393a-410

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

(1)The administrator shall not sell or otherwise liquidate a security until three

(3)years

after the administrator receives the security and gives the apparent owner notice

under KRS 393A.290 that the administrator holds the security.

(2)The administrator shall not sell a security listed on an established stock exchange

for less than the price prevailing on the exchange at the time of sale. The

administrator may sell a security not listed on an established exchange by any

commercially reasonable method.