Kentucky Statutes 393A.150 – Address of apparent owner to establish priority
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In KRS § 393A.150 to KRS § 393A.210:
(1) The last-known address of an apparent owner shall be any description, code, or other indication of the location of the apparent owner which identifies the state, even if the description, code, or indication of location shall not be sufficient to direct the delivery of first-class United States mail to the apparent owner;
(2) If the United States postal zip code associated with the apparent owner is for a post office located in this state, this state shall be deemed to be the state of the last- known address of the apparent owner unless other records associated with the apparent owner specifically identify the physical address of the apparent owner to be in another state;
(3) If the address under subsection (2) of this section is in another state, the other state shall be deemed to be the state of the last-known address of the apparent owner; and
(4) The address of the apparent owner of a life or endowment insurance policy or annuity contract or its proceeds shall be presumed to be the address of the insured or annuitant if a person other than the insured or annuitant is entitled to the amount owed under the policy or contract and the address of the other person is not known by the insurance company and cannot be determined under KRS § 393A.160.
Effective: July 14, 2018
History: Created 2018 Ky. Acts ch. 163, sec. 15, effective July 14, 2018.
(1) The last-known address of an apparent owner shall be any description, code, or other indication of the location of the apparent owner which identifies the state, even if the description, code, or indication of location shall not be sufficient to direct the delivery of first-class United States mail to the apparent owner;
Terms Used In Kentucky Statutes 393A.150
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Apparent owner: means a person whose name appears on the records of a holder as the owner of property held, issued, or owing by the holder. See Kentucky Statutes 393A.010
- Contract: A legal written agreement that becomes binding when signed.
- Insurance company: means an association, corporation, or fraternal or mutual- benefit organization, whether or not for profit, engaged in the business of providing life endowments, annuities, or insurance, including accident, burial, casualty, credit- life, contract-performance, dental, disability, fidelity, fire, health, hospitalization, illness, life, malpractice, marine, mortgage, surety, wage-protection, and worker- compensation insurance. See Kentucky Statutes 393A.010
- Owner: when applied to any animal, means any person having a property interest in such animal. See Kentucky Statutes 446.010
- Person: means an individual, estate, business association, public corporation, government or governmental subdivision, agency, or instrumentality or other legal entity. See Kentucky Statutes 393A.010
- State: means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See Kentucky Statutes 393A.010
(2) If the United States postal zip code associated with the apparent owner is for a post office located in this state, this state shall be deemed to be the state of the last- known address of the apparent owner unless other records associated with the apparent owner specifically identify the physical address of the apparent owner to be in another state;
(3) If the address under subsection (2) of this section is in another state, the other state shall be deemed to be the state of the last-known address of the apparent owner; and
(4) The address of the apparent owner of a life or endowment insurance policy or annuity contract or its proceeds shall be presumed to be the address of the insured or annuitant if a person other than the insured or annuitant is entitled to the amount owed under the policy or contract and the address of the other person is not known by the insurance company and cannot be determined under KRS § 393A.160.
Effective: July 14, 2018
History: Created 2018 Ky. Acts ch. 163, sec. 15, effective July 14, 2018.