KRS 393A.270: Notice to apparent owner by holder.

(1) Subject to subsection (2) of this section, the holder of property presumed abandoned

shall send to the apparent owner notice by first -class United States mail that

complies with KRS 393A.280 in a format acceptable to the administrator not more

than one hun dred eighty (180) days nor less than sixty (60) days before filing the

report under KRS 393A.220 if:

(a) The holder has in its records an address for the apparent owner which the

holder's records do not disclose to be invalid and is sufficient to direct th e

delivery of first-class United States mail to the apparent owner; and

(b) The value of the property is fifty dollars ($50) or more.

(2) If an apparent owner has consented to receive electronic -mail delivery from the

holder, the holder shall send the noti ce described in subsection (1) of this section

both by first -class United States mail to the apparent owner's last -known mailing

address and by electronic mail, unless the holder believes that the apparent owner's

electronic-mail address is invalid.