393A.510 Claim for property by person claiming to be owner.

139 words·~1 min read·/ky/chapter-393a/393a-510

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

(1)A person claiming to be the owner of property held under this chapter by the

administrator may file a claim for the property on a form prescribed by the

administrator. The claimant shall verify the claim as to its completeness and

accuracy.

(2)The administrator may permit persons claiming to be the owner of property to

submit claims in electronic format.

(3)The administrator may waive the requirement in subsection

(1)of this section and

may pay or deliver property directly to a person if:

(a)The person receiving the property or payment is shown to be the apparent

owner included on a report filed under KRS 393A.220;

(b)The administrator reasonably believes the person is entitled to receive the

property or payment; and

(c)The property has a value of less than two hundred fifty dollars ($250).