Kentucky Code § KRS 393A.020

Inapplicability to foreign transaction
Open in Lexace · Ask the AI about this section
This chapter shall not apply to: (1) Property held, due, and owing in a foreign country if the transaction out of which the property arose was a foreign transaction; (2) Money, funds, or any other intangible property held by or owing: (a) To a nonprofit exempt under Section 501(c)(3) of the Internal Revenue Code; (b) For any minerals or other raw materials capable of being used for fuel in the course of manufacturing, processing, production, or mining; or (c) For any mineral proceeds; (3) Wages or salaries of fifty dollars ($50) or less t hat are not claimed by an employee within one (1) year of the date the wages or salaries are earned, unless the amounts are held on a payroll card; (4) Moneys in inmate accounts and prisoner canteen accounts held by jailer under KRS 441.137; or (5) Funds held in a lawyer IOLTA trust account under Supreme Court Rule 3.830.

‹ Prev All Kentucky sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.