KRS 304.33-460: Unclaimed and withheld funds.

(1) Unclaimed funds. All unclaimed funds subject to distribution remaining in the

liquidator's hands when the liquidator is ready to apply to the court for discharge,

including the amount distributable to any creditor, shareholder, member or other

person who i s unknown or cannot be found or who is under disability with no

person legally competent to receive his or her distributive share, shall be deposited

with the State Treasurer, and shall be paid over without interest except in

accordance with KRS 304.33 -430 to the person entitled thereto or his or her legal

representative upon proof satisfactory to the State Treasurer of his or her right

thereto. Any amount on deposit not claimed within six (6) years from the discharge

of the liquidator is deemed abandoned a nd shall become property of the state. The

State Treasurer shall at the end of each fiscal year transfer these amounts to the

common school fund.

(2) Withheld funds. All funds withheld under KRS 304.33-390 and not distributed shall

upon discharge of the li quidator be deposited with the State Treasurer and paid by

him or her in accordance with KRS 304.33 -390. Any sums remaining which under

KRS 304.33 -390 would revert to the undistributed assets of the insurer shall be

transferred to the State Treasurer and b ecome the property of the state under

subsection (1) of this section unless the commissioner petitions the court to reopen

the liquidation under KRS 304.33-480.