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Retention of records by holder

KRS 393A.250
in effect
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393A.250. Retention of records by holder A holder required to file a report under KRS 393A.220 shall retain records for ten (10) years after the later of the date the report was filed or the last date a timely report was due to be filed, unless a shorter period shall be provided by rule of the administrator. The holder may satisfy the requirement to retain records under this section through an agent. The records shall contain: (1) The information required to be included in the report; (2) The date, place, and nature of the circumstances that gave rise to the property right; (3) The amount or value of the property; (4) The last address of the apparent owner, if known to the holder; and (5) If the holder sells, issues, or provides to others for sale or issue in this state traveler's checks, money orders, or similar instruments, other than third-party bank checks, on which the holder is directly liable, a record of the instruments while they remain outstanding indicating the state and date of issue. Effective: July 14, 2018 History: Created 2018 Ky. Acts ch. 163, sec. 25, effective July 14, 2018.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=48122Fetched: 10/20/2026

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