If the administrator determines from an examination conducted under KRS § 393A.560 that a putative holder failed or refused to pay or deliver to the administrator property which is reportable under this chapter, the administrator shall issue a determination of the putative holder‘s liability to pay or deliver and give notice in a record to the putative holder of the determination.
Effective: July 14, 2018
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Terms Used In Kentucky Statutes 393A.650

  • Administrator: means the Kentucky State Treasurer. See Kentucky Statutes 393A.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
  • Putative holder: means a person believed by the administrator to be a holder, until the person pays or delivers to the administrator property subject to this chapter or the administrator or a court makes a final determination that the person is or is not a holder. 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

History: Created 2018 Ky. Acts ch. 163, sec. 65, effective July 14, 2018.

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