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

393A.490 Claim of another state to recover property.

85 words·~1 min read·/ky/chapter-393a/393a-490

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

(1)If the administrator knows that property held by the administrator under this chapter

is subject to a superior claim of another state, the administrator shall:

(a)Report and pay or deliver the property to the other state; or

(b)Return the property to the holder so that the holder may pay or deliver the

property to the other state.

(2)The administrator shall not be required to enter into an agreement to transfer

property to the other state under subsection

(1)of this section.