KRS 393A.420: Recovery of securities or value by owner.
Where this section sits in the code
- KRS Chapter 393A
(1) If securities are sold by the administrator before the expiration of three (3) years
after their delivery to the administrator, a person making a claim under this chapter
before the end of the three (3) year period shall be entitled to the proceeds of the
sale of the securities or the market value of the securities at the time the claim is
made, plus dividends, interest, and other increments up to the time the claim is
made, less any deduction for expenses of the sale.
(2) A person making a claim under this chapter after the expiration of the three (3) year
period shall be entitled to receive the securities delivered to the administrator by the
holder, if the securities remain in the custody of the administrator, or the net
proceeds received from the sale, and shall not be entitled to receive any appreciation
in the value of the property occurring after the delivery to the administrator.
Collected 2026-09-05T20:59:24Z. Source file · JSON