Kentucky Statutes 393A.510 – Claim for property by person claiming to be owner
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(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).
Effective: July 14, 2018
History: Created 2018 Ky. Acts ch. 163, sec. 51, effective July 14, 2018.
(2) The administrator may permit persons claiming to be the owner of property to submit claims in electronic format.
Terms Used In Kentucky Statutes 393A.510
- Administrator: means the Kentucky State Treasurer. See Kentucky Statutes 393A.010
- 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
- Electronic: means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities. 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
(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).
Effective: July 14, 2018
History: Created 2018 Ky. Acts ch. 163, sec. 51, effective July 14, 2018.