If the administrator asserts a right to custody of unclaimed property, the administrator has the burden to prove:

1. (1) The existence and amount of the property;
2. (2) The property shall be presumed abandoned; and
3. (3) The property shall be subject to the custody of the administrator.

Effective: July 14, 2018

History: Created 2018 Ky. Acts ch. 163, sec. 21, effective July 14, 2018.