{"data":{"id":"us-ky/krs-393a.120","jurisdiction":"us-ky","citation":"KRS 393A.120","heading":"Indication of apparent owner interest in property.","body":"(1) The period after which property shall be presumed abandoned shall be measured\nfrom the later of:\n(a) The date the property is presumed abandoned under this chapter; or\n(b) The latest indication of interest by the apparent owner in the property.\n(2) Under t his chapter, an indication of an apparent owner's interest in property\nincludes:\n(a) A record communicated by the apparent owner to the holder or agent of the\nholder concerning the property or the account in which the property is held;\n(b) An oral communic ation by the apparent owner to the holder or agent of the\nholder concerning the property or the account in which the property is held, if\nthe holder or its agent contemporaneously makes and preserves a record of the\nfact of the apparent owner's communication;\n(c) Presentment of a check or other instrument of payment of a dividend, interest\npayment, or other distribution, or evidence of receipt of a distribution made by\nelectronic or similar means, with respect to an account, underlying security, or\ninterest in a business association;\n(d) Activity directed by an apparent owner in the account in which the property is\nheld, including accessing the account or information concerning the account,\nor a direction by the apparent owner to increase, decrease, or otherwise change\nthe amount or type of property held in the account;\n(e) A deposit into or withdrawal from an account at a financial organization,\nincluding an automatic deposit or withdrawal previously authorized by the\napparent owner other than an automatic reinvestment of dividends or interest;\n(f) Subject to subsection (5) of this section, payment of a premium on an\ninsurance policy; and\n(g) Any other action by the apparent owner which reasonably demonstrates to the\nholder that the apparent owner knows that the property exists.\n(3) An action by an agent or other representative of an apparent owner, other than the\nholder acting as the apparent owner's agent, shall be presumed to be an action on\nbehalf of the apparent owner.\n(4) A communication with an apparent  owner by a person other than the holder or the\nholder's representative shall not be an indication of interest in the property by the\napparent owner unless a record of the communication evidences the apparent\nowner's knowledge of a right to the property.\n(5) If the insured dies or the insured or beneficiary of an insurance policy otherwise\nbecomes entitled to the proceeds before depletion of the cash surrender value of the\npolicy by operation of an automatic -premium-loan provision or other nonforfeiture\nprovision contained in the policy, the operation shall not prevent the policy from\nmaturing or terminating.","path":["KRS Chapter 393A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=48109","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:24Z","sha256":"d52224738111e2d590b48fc0643ccefc49717c8ac732f3e335b60d5aff559a26","source_id":"us-ky","stale":false,"prev":"us-ky/krs-393a.110","next":"us-ky/krs-393a.130"},"notice":"GroundRules: Original legal text. Not legal advice."}