GroundRules
← Search the law
Kentucky · Snapshot 09/05/2026

KRS 393A.100: When security presumed abandoned.

Read at publisher ↗
Where this section sits in the code
  1. KRS Chapter 393A

(1) Subject to KRS 393A.120, a security shall be presumed abandoned three (3) years

after:

(a) The date a second consecutive communication sent by the holder by first-class

United States mail to the apparent owner is returned to the holder undelivered

by the United States Postal Service; or

(b) If the second communication is made later than thirty (30) days after the first

communication is returned, the date the first communication is returned

undelivered to the holder by the United States Postal Service.

(2) If the holder does not send communications to the apparent owner of a security by

first-class United States mail, the holder shall attempt to confirm the apparent

owner's interest in the security by sending the apparent owner an electronic -mail

communication not later than two (2) years after the apparent owner's last indication

of interest in the security. However, the holder promptly shall attempt to contact the

apparent owner by first-class United States mail if:

(a) The holder does not have information n eeded to send the apparent owner an

electronic-mail communication or the holder believes that the apparent

owner's electronic-mail address in the holder's records is not valid;

(b) The holder receives notification that the electronic -mail communication was

not received; or

(c) The apparent owner does not respond to the electronic -mail communication

within thirty (30) days after the communication was sent.

(3) If first-class United States mail sent under subsection (2) of this section is returned

to the hol der undelivered by the United States Postal Service, the security shall be

presumed abandoned three (3) years after the date the mail is returned.

Collected 2026-09-05T20:59:24Z. Source file · JSON

Browse this collection