KRS 393.050: Presumption of death after seven years -- Disposition of property.

Except as provided in KRS 422.132, when a person owning any property having a situs in

this state is not known to be living for seven (7) successive years, and neither he nor his

heirs, devisees, or distributees can be located or proved to have been living for seven (7)

successive years, he shall be presumed to have died without heirs, devisees, or

distributees, and his property shall be liquidated and the proceeds, less costs incident to

the liquidation and any legal proceedings, and the liabilities which have been properly

claimed and approved against it, shall be paid to the department.