KRS 393.068: Presumption of abandonment of personal property held by federal

government.

(1) All tangible personal property or intangible personal property, including choses in

action in amounts certain, and all debts owed or entrusted funds or other property

held by the federal government or any federal agency, or any officer, or appointee

thereof, shall be presumed abandoned in this state if the last known address of the

owner of the property is in this state and the property has remained unclaimed for

three (3) years.

(2) The federal government or any federal agency thereof which pays or de livers

abandoned property to the department under this section is relieved of all liability to

the extent of the value of the property so paid or delivered for any claim which then

exists or which thereafter may arise or be made in respect to the property.

(3) The federal government or any federal agency thereof may deduct from the amounts

to be paid or delivered to the department the proportionate share of the actual and

necessary costs of examining records and reporting such information.