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2011 Kentucky Revised Statutes
CHAPTER 386 ADMINISTRATION OF TRUSTS -- LEGAL INVESTMENTS -- UNIFORM PRINCIPAL AND INCOME ACT
386.695 Review of agent's employment and compensation of trustee and employees.


KY Rev Stat § 386.695 (1996 through Reg Sess) What's This?
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386.695 Review of agent's employment and compensation of trustee and employees. On petition of an interested person, after notice to all interested persons, the court may review the propriety of employment of any person by a trustee, including any attorney, auditor, investment advisor or other specialized agent or assistant, and the reasonableness of the compensation of any person so employed, and the reasonableness of the compensation determined by the trustee for his own services. Any person who has received excessive compensation from a trust may be ordered to make appropriate refunds. History: Created 1976 Ky. Acts ch. 218, sec. 10.

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