{"data":{"id":"us-ky/krs-393a.400","jurisdiction":"us-ky","citation":"KRS 393A.400","heading":"Public sale of property.","body":"(1) Subject to KRS 393A.410, the administrator may sell the property no earlier than\nthree (3) years after receipt of property presumed abandoned.\n(2) Before selling property under subsection (1) of this section, the administrator shall\ngive notice to the public of:\n(a) The date of the sale; and\n(b) A reasonable description of the property.\n(3) A sale under subsection (1) of this section shall be to the highest bidder:\n(a) At public sale at a location in this state which the administrator determines to\nbe the most favorable market for the property;\n(b) On the Internet; or\n(c) On another forum the administrator determines is likely to yield the highest\nnet proceeds of sale.\n(4) The administrator may decline the highest bid at a sale under this section and\nreoffer the property for sale if the administrator determines the highest bid is\ninsufficient.\n(5) If a sale held under this section is to be conducted other than on the Internet, the\nadministrator shall publish at least one (1) notice of the sale, at least three (3) weeks\nbut not more than five (5) weeks before the sale, in a newspaper of general\ncirculation in the county in which the property is sold.","path":["KRS Chapter 393A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=48137","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:24Z","sha256":"4d25d254e52b9405568c824177782fe11d8d4b08674fb759c243a05d5bf18b9e","source_id":"us-ky","stale":false,"prev":"us-ky/krs-393a.390","next":"us-ky/krs-393a.410"},"notice":"GroundRules: Original legal text. Not legal advice."}