Except as provided in KRS 422.132, when a person owning any property having a situs in this state is not known to be
living for seven (7) successive years, and neither he nor his heirs, devisees, or
distributees can be located or proved to have been living for seven (7) successive
years, he shall be presumed to have died without heirs, devisees, or distributees,
and his property shall be liquidated and the proceeds, less costs incident to the
liquidation and any legal proceedings, and the liabilities which have been properly
claimed and approved against it, shall be paid to the department.
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