393A.470 Expenses and service charges of administrator.

112 words·~1 min read·/ky/chapter-393a/393a-470

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

(1)In addition to the expenses permitted under KRS 393.250, the administrator may

deduct:

(a)Expenses of disposition of property delivered to the administrator under this

chapter;

(b)Costs of mailing and publication in connection with property delivered to the

administrator under this chapter;

(c)Reasonable service charges; and

(d)Expenses incurred in examining records of or collecting property from a

putative holder or holder.

(2)In addition to any expenses in subsection

(1)of this section, the administrator shall

deduct the proportionate costs of advertisement and operations from the amount of

any claim allowed in an amount greater than ten dollars ($10). The administrator

shall deduct at least one dollar ($1).