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2020 Kentucky Revised Statutes
Chapter 393A - Revised uniform unclaimed property act
393A.410 Disposal of securities.

Universal Citation: KY Rev Stat § 393A.410 (2020)
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393A.410 Disposal of securities. (1) (2) The administrator shall not sell or otherwise liquidate a security until three (3) years after the administrator receives the security and gives the apparent owner notice under KRS 393A.290 that the administrator holds the security. The administrator shall not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale. The administrator may sell a security not listed on an established exchange by any commercially reasonable method. Effective: July 14, 2018 History: Created 2018 Ky. Acts ch. 163, sec. 41, effective July 14, 2018.
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