KRS 393A.220: Report required by holder.

(1) A holder of property presumed abandoned and subject to the custody of the

administrator shall report in a record to the administrator concerning the property. A

holder shall not be required to file a report if the holder has no property that is

presumed ab andoned. The administrator shall not require a holder to file a paper

report.

(2) A holder may contract with a third party to make the report required under

subsection (1) of this section.

(3) Whether or not a holder contracts with a third party under subs ection (2) of this

section, the holder shall be responsible:

(a) To the administrator for the complete, accurate, and timely reporting of

property presumed abandoned; and

(b) For paying or delivering to the administrator property described in the report.