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Kentucky · Snapshot 09/05/2026

KRS 393A.320: Dormancy charge.

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Where this section sits in the code
  1. KRS Chapter 393A

(1) A holder may deduct a dormancy charge from property required to be paid or

delivered to the administrator if:

(a) A valid contract between the holder and the apparent owner authorizes

imposition of the charge for the apparent owner's failure to claim the p roperty

within a specified time; and

(b) The holder regularly imposes the charge and regularly does not reverse or

otherwise cancel the charge.

(2) The amount of the deduction under subsection (1) of this section shall be limited to

an amount that shall no t be unconscionable considering all relevant factors,

including the marginal transactional costs incurred by the holder in maintaining the

apparent owner's property and any services received by the apparent owner.

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

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