58-3964. Retention of records.
58-3964
58-3964. Retention of records.(a) Every holder required to file a report under K.S.A. 58-3950 andamendments thereto, as toany property for which the holder has obtained the last known address of theowner, shall maintain a record of the name and last known address ofthe owner for 10 years after the property becomes reportable, exceptto the extent that a shorter time is provided in subsection (b) or byrules and regulations of the administrator.
(b) Any business association that sells in this state travelerschecks or money orders, other than third-party bank checks on whichthe business association is directly liable, or that provides suchinstruments to others for sale in this state shall maintain a recordof those instruments while they remain outstanding, indicating thestate and date of issue for three years after the date the property isreportable.
History: L. 1994, ch. 8, § 31; March 3.