{"data":{"id":"us-ky/krs-304.33-460","jurisdiction":"us-ky","citation":"KRS 304.33-460","heading":"Unclaimed and withheld funds.","body":"(1) Unclaimed funds. All unclaimed funds subject to distribution remaining in the\nliquidator's hands when the liquidator is ready to apply to the court for discharge,\nincluding the amount distributable to any creditor, shareholder, member or other\nperson who i s unknown or cannot be found or who is under disability with no\nperson legally competent to receive his or her distributive share, shall be deposited\nwith the State Treasurer, and shall be paid over without interest except in\naccordance with KRS 304.33 -430 to the person entitled thereto or his or her legal\nrepresentative upon proof satisfactory to the State Treasurer of his or her right\nthereto. Any amount on deposit not claimed within six (6) years from the discharge\nof the liquidator is deemed abandoned a nd shall become property of the state. The\nState Treasurer shall at the end of each fiscal year transfer these amounts to the\ncommon school fund.\n(2) Withheld funds. All funds withheld under KRS 304.33-390 and not distributed shall\nupon discharge of the li quidator be deposited with the State Treasurer and paid by\nhim or her in accordance with KRS 304.33 -390. Any sums remaining which under\nKRS 304.33 -390 would revert to the undistributed assets of the insurer shall be\ntransferred to the State Treasurer and b ecome the property of the state under\nsubsection (1) of this section unless the commissioner petitions the court to reopen\nthe liquidation under KRS 304.33-480.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29866","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:55Z","sha256":"1c8e5779be36bed3cbcff36d05edb448256cd1a7adcff854cb3d407c03986b52","source_id":"us-ky","stale":false,"prev":"us-ky/krs-304.33-450","next":"us-ky/krs-304.33-470"},"notice":"GroundRules: Original legal text. Not legal advice."}