2014 Kentucky Revised Statutes
CHAPTER 393 - ESCHEATS
393.290 Civil action to enforce production of reports or the surrender of property.

Download as PDF 393.290 Civil action to enforce production of reports or the surrender of property. (1) (2) The department may require the production of reports, or the surrender of property as provided in this chapter by civil action, including an action in the nature of a bill of discovery, in which case the defendant shall pay a penalty equal to ten percent (10%) of all amounts that he is ultimately required to surrender. This penalty shall not exceed five hundred dollars ($500). Any person who in good faith contests the applicability of this chapter to him may be relieved of the threat of any penalty by posting a compliance bond in an amount and of surety sufficient to the court. Effective:March 10, 1994 History: Amended 1994 Ky. Acts ch. 58, sec. 20, effective March 10, 1994. -Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 1622-1.