KRS 272.291: Unclaimed dividends, stocks, etc., disposal of.

Any association organized or operated under KRS 272.101 to 272.341, or any agricultural

cooperative association organized under the provisions of KRS Chapter 271B and

meeting the requirements of an agricultural cooperative as set forth in Chapter 27, Section

1, 42 U. S. Statutes, p. 388 (Title 7, Sec. 291, U.S.C.A.), or any cooperative association

organized under KRS Chapter 279 may recover, after a period of five (5) years, any

unclaimed stocks, dividends, patronage refunds, or book equities for which the owner

cannot be found and which are the result of distributable savings of the cooperative. The

mailing of these stocks, dividends, patronage refunds, or book equities to the last -known

address of the individual involved as recorded on the records of the c ooperative shall be

evidence of a bona fide attempt to deliver the same to the individual. When the notice to

the individual of these amounts has been returned by the U.S. mail and the amounts have

not been called for, after five (5) years, the amounts inv olved may be placed in the

income of the cooperative for the year in which such determination is made and

redistributed to the patrons of that year.