Kentucky Statutes 393A.710 – Interstate and international agreement — Cooperation
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(1) Subject to subsection (2) of this section, the administrator may:
(a) Exchange information with another state or foreign country relating to property presumed abandoned or relating to the possible existence of property presumed abandoned; and
(b) Authorize in a record another state or foreign country or a person acting on behalf of the other state or country to examine its records of a putative holder as provided in KRS § 393A.550 to KRS § 393A.650.
(2) An exchange or examination under subsection (1) of this section may be done only if the state or foreign country has confidentiality and security requirements substantially equivalent to those in KRS § 393A.770 to KRS § 393A.830 or agrees in a record to be bound by this state’s confidentiality and security requirements.
Effective: July 14, 2018
History: Created 2018 Ky. Acts ch. 163, sec. 71, effective July 14, 2018.
(a) Exchange information with another state or foreign country relating to property presumed abandoned or relating to the possible existence of property presumed abandoned; and
Terms Used In Kentucky Statutes 393A.710
- Administrator: means the Kentucky State Treasurer. See Kentucky Statutes 393A.010
- Foreign: when applied to a corporation, partnership, limited partnership, business trust, statutory trust, or limited liability company, includes all those incorporated or formed by authority of any other state. See Kentucky Statutes 446.010
- Holder: means a person obligated to hold for the account of, or to deliver or pay to, the owner, property subject to this chapter. See Kentucky Statutes 393A.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
- Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. See Kentucky Statutes 393A.010
- Security: means :
(a) A security as defined in KRS §. 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
(b) Authorize in a record another state or foreign country or a person acting on behalf of the other state or country to examine its records of a putative holder as provided in KRS § 393A.550 to KRS § 393A.650.
(2) An exchange or examination under subsection (1) of this section may be done only if the state or foreign country has confidentiality and security requirements substantially equivalent to those in KRS § 393A.770 to KRS § 393A.830 or agrees in a record to be bound by this state’s confidentiality and security requirements.
Effective: July 14, 2018
History: Created 2018 Ky. Acts ch. 163, sec. 71, effective July 14, 2018.