393A.020 Inapplicability to foreign transaction. 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 that 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. Effective: June 27, 2019 History: Amended 2019 Ky. Acts ch. 125, sec. 3, effective June 27, 2019. -- Created 2018 Ky. Acts ch. 163, sec. 2, effective July 14, 2018.
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