Download as PDF
230.363 Money to be turned over to racing commission.
Any person who has made a report of unclaimed pari-mutuel tickets to the racing
commission as required by KRS 230.362 shall, between November 1 and November 15
of each year, turn over to the racing commission the sum represented by the unclaimed
pari-mutuel tickets so reported; but if the person making the report or the owner of the
unclaimed pari-mutuel ticket certifies to the racing commission by sworn statement that
any or all of the statutory conditions necessary to create a presumption of abandonment
no longer exists or never did exist, or shall certify existence of any fact or circumstance in
which there is substantial evidence to rebut such presumption, then, the person reporting
the unclaimed pari-mutuel tickets or holding the sum represented by the unclaimed parimutuel tickets as reported shall not be required to turn over said sum to the racing
commission except upon order of court. If the holder of any unclaimed pari-mutuel ticket
files an action in court claiming the sum which has been reported under the provisions of
KRS 230.362, the person reporting or holding the sum represented by said unclaimed
pari-mutuel ticket shall be under no duty while any such action is pending to turn over
said sum to the racing commission, but shall have the duty of notifying the racing
commission of the pendency of such action.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 463, effective July 15, 2010. -- Amended
2004 Ky. Acts ch. 191, sec. 19, effective July 13, 2004. -- Created 1978 Ky. Acts
ch. 307, sec. 3, effective June 17, 1978.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
