KRS 393.020: Property subject to escheat.

If any property having a situs in this state has been devised or bequeathed to any person

and is not claimed by that person or by his heirs, distributees, or devisees within three (3)

years after the death of the testator, or if the owner of any property h aving a situs in this

state dies without heirs or distributees entitled to it and without disposing of it by will, it

shall vest in the state, subject to all legal and equitable demands. Any property abandoned

by the owner, except a perfect title to a corp oreal hereditament, shall vest in the state,

subject to all legal and equitable demands. Any property that vests in the state under this

section shall be liquidated, and the proceeds, less costs, fees, and expenses incidental to

all legal proceedings of the liquidation shall be paid to the department.