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

393A.750 Waiver of interest and penalty.

44 words·~1 min read·/ky/chapter-393a/393a-750

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

The administrator:
(1)May waive, in whole or in part, interest under KRS 393A.730(1) and penalties
under KRS 393A.730(2) or 393A.740; and
(2)Shall waive a penalty under KRS 393A.730(2) if the administrator determines that
the holder acted in good faith and without negligence.
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