If a person subject to examination under KRS 393A.560 does not retain the records required by KRS 393A.250, the administrator may determine the value of property due using a reasonable method of estimation based on all information available to the administrator, including extrapolation and use of statistical sampling when appropriate and necessary, consistent with examination procedures and standards adopted under KRS 393A.570.
KRS 393A.600
Failure of person examined to retain records
Effective: July 14, 2018 History: Created 2018 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.