AN ACT relating to abandoned property.

This bill would change Kentucky's unclaimed property law to include mineral proceeds, such as payments from oil, gas, or mining rights, under the same rules that already apply to other types of unclaimed property. Currently, mineral proceeds are exempt from these rules, meaning they do not have to be reported or turned over to the state when the rightful owner cannot be found. Removing this exemption would bring mineral proceeds in line with how other…

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