# KRS § 393A.070: 393A.070 When custodial account for minor presumed abandoned > Kentucky · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXXIV_C393A_S393A.070 ## Section - **Citation:** KRS § 393A.070 - **Heading:** 393A.070 When custodial account for minor presumed abandoned - **Jurisdiction:** Kentucky - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** KY Code / Title XXXIV / Chapter 393A / Section 393A.070 ## Text 393A.070 When custodial account for minor presumed abandoned. (1) Subject to KRS 393A.120, property held in an account established under the Uniform Transfers to Minors Act, KRS 385.012 to 385.242, shall be presumed abandoned if it is unclaimed by or on behalf of the minor on whose behalf the account was opened three (3) years after the later of: (a) Except as provided in paragraph (b) of this subsection, the date a second consecutive communication sent by the holder by first-class United States mail to the custodian of the minor on whose behalf the account was opened is returned undelivered to the holder by the United States Postal Service; (b) If the second communication is sent later than thirty (30) days after the date the first communication is returned undelivered, the date the first communication was returned undelivered; or (c) The date on which the custodian is required to transfer the property to the minor or the minor's estate in accordance with the Uniform Gifts to Minors Act or Uniform Transfers to Minors Act of the state in which the account was opened. (2) If the holder does not send communications to the custodian of the minor on whose behalf an account described in subsection (1) of this section was opened by first- class United States mail, the holder shall attempt to confirm the custodian's interest in the property by sending the custodian an electronic-mail communication not later than two (2) years after the custodian's last indication of interest in the property. However, the holder promptly shall attempt to contact the custodian by first-class United States mail if: (a) The holder does not have information needed to send the custodian an electronic-mail communication or the holder believes that the custodian's electronic-mail address in the holder's records is not valid; (b) The holder receives notification that the electronic-mail communication was not received; or (c) The custodian does not respond to the electronic-mail communication within thirty (30) days after the communication was sent. (3) If first-class United States mail sent under subsection (2) of this section is returned undelivered to the holder by the United States Postal Service, the property shall be presumed abandoned three (3) years after the later of: (a) The date a second consecutive communication to contact the custodian by first-class United States mail is returned to the holder undelivered by the United States Postal Service; or (b) The date established by subsection (1)(c) of this section. (4) When the property in the account described in subsection (1)(c) of this section is transferred to the minor on whose behalf an account was opened or to the minor's estate, the property in the account shall no longer be subject to this section. ## Nearby sections - [KRS § 393A.010 393A.010 Definitions for chapter](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXXIV_C393A_S393A.010.md) - [KRS § 393A.020 393A.020 Inapplicability to foreign transaction](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXXIV_C393A_S393A.020.md) - [KRS § 393A.030 393A.030 Administrative regulations](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXXIV_C393A_S393A.030.md) - [KRS § 393A.035 393A.035 Unclaimed property trust fund](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXXIV_C393A_S393A.035.md) - [KRS § 393A.040 393A.040 When property presumed abandoned](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXXIV_C393A_S393A.040.md) - [KRS § 393A.050 393A.050 When tax-deferred retirement account presumed abandoned](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXXIV_C393A_S393A.050.md) - [KRS § 393A.060 393A.060 When other tax-deferred account presumed abandoned](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXXIV_C393A_S393A.060.md) - [KRS § 393A.070 393A.070 When custodial account for minor presumed abandoned](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXXIV_C393A_S393A.070.md) - [KRS § 393A.080 393A.080 When contents of safe-deposit box presumed abandoned](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXXIV_C393A_S393A.080.md) - [KRS § 393A.090 393A.090 When stored-value card presumed abandoned](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXXIV_C393A_S393A.090.md) - [KRS § 393A.100 393A.100 When security presumed abandoned](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXXIV_C393A_S393A.100.md) - [KRS § 393A.110 393A.110 When related property presumed abandoned](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXXIV_C393A_S393A.110.md) - [KRS § 393A.120 393A.120 Indication of apparent owner interest in property](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXXIV_C393A_S393A.120.md) - [KRS § 393A.130 393A.130 Knowledge of death of insured or annuitant](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXXIV_C393A_S393A.130.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KY_TXXXIV_C393A_S393A.070. Check the current official text before relying on it. Not legal advice.