KRS 393A.250: Retention of records by holder.

A holder required to file a report under KRS 393A.220 shall retain records for ten (10)

years after the later of the date the report was filed or the last date a timely report was due

to be filed, unless a shorter period shall be provided by rule of the ad ministrator. The

holder may satisfy the requirement to retain records under this section through an agent.

The records shall contain:

(1) The information required to be included in the report;

(2) The date, place, and nature of the circumstances that gave rise to the property right;

(3) The amount or value of the property;

(4) The last address of the apparent owner, if known to the holder; and

(5) If the holder sells, issues, or provides to others for sale or issue in this state

traveler's checks, money ord ers, or similar instruments, other than third -party bank

checks, on which the holder is directly liable, a record of the instruments while they

remain outstanding indicating the state and date of issue.