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BankersOnline.com Forums State-Specific Compliance Issues Kentucky Abandoned Property Definition
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#2217170 - 07/08/19 07:52 PM Abandoned Property Definition
KRT Offline
Member
Joined: Nov 2006
Posts: 64
Southeast US
Is an account that has been dormant over 3 years considered abandoned if the bank is not receiving any returned mail statements?

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#2217197 - 07/09/19 11:34 AM Re: Abandoned Property Definition KRT
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,361
Galveston, TX
It is not quit as clear as it use to be as 393.060 has been repealed and replaced with 393A.120.
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