393A.720 Action involving another state or foreign country.
309 words·~1 min read·
/ky/chapter-393a/393a-720A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The administrator may join another state or foreign country to examine and seek
enforcement of this chapter against a putative holder.
(2)On request of another state or foreign country, the Attorney General may commence
an action on behalf of the other state or country to enforce, in this state, the law of
the other state or country against a putative holder subject to a claim by the other
state or country, if the other state or country agrees to pay costs incurred by the
Attorney General in the action.
(3)The administrator may request the official authorized to enforce the unclaimed
property law of another state or foreign country to commence an action to recover
property in the other state or country on behalf of the administrator. This state shall
pay the costs, including reasonable attorney's fees and expenses, incurred by the
other state or foreign country in an action under this subsection.
(4)The administrator may pursue an action on behalf of this state to recover property
subject to this chapter but delivered to the custody of another state if the
administrator believes the property is subject to the custody of the administrator.
(5)The administrator may retain an attorney in this state, another state, or a foreign
country to commence an action to recover property on behalf of the administrator
and may agree to pay attorney's fees based in whole or in part on a fixed fee, hourly
fee, or a percentage of the amount or value of property recovered in the action.
(6)Expenses incurred by this state in an action under this section may be paid from
property received under this chapter or the net proceeds of the property. Expenses
paid to recover property shall not be deducted from the amount that is subject to a
claim under this chapter by the owner.