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2013 Kentucky Revised Statutes
CHAPTER 386 - ADMINISTRATION OF TRUSTS -- LEGAL INVESTMENTS -- UNIFORM PRINCIPAL AND INCOME ACT
Administration -- Investments- 386.010 Definitions for KRS 386.010 to 386.185.
- 386.020 Authorized investments of trust funds -- Fiduciary to account for profits.
- 386.023 Investment method alternatives.
- 386.025 Restrictions on investment in own stock by bank or trust company acting as fiduciary.
- 386.030 Investment of funds of financial institutions and funds in hands of public officials.
- 386.040 Securities of certain federal agencies authorized as collateral.
- 386.050 Housing authority obligations -- Authorized investments -- Security for public deposits -- Negotiable -- United States bonds.
- 386.060 Investments not to be contrary to instrument creating trust.
- 386.070 Disposition of unauthorized securities.
- 386.080 Repealed, 1944.
- 386.090 Repealed, 1980.
- 386.093 Effect of disability, incapacity, or death on power of attorney, durable or otherwise.
- 386.095 Execution and delivery of releases of powers exercisable by deed, will or otherwise.
- 386.100 Application of payments made to a fiduciary.
- 386.110 Transfer of a negotiable instrument by a fiduciary.
- 386.120 Deposits in fiduciary's personal account.
- 386.130 Deposits in name of fiduciary as such -- In name of principal.
- 386.140 Checks drawn by a fiduciary payable to third person or to himself.
- 386.150 Fiduciary not relieved of liability.
- 386.160 Deposit of funds with joint control by surety and fiduciary.
- 386.165 Deposit of securities in a clearing corporation -- Accounting and crediting of deposits.
- 386.170 Nonresident trustee for personal property of nonresident beneficiary -- Power to act in this state.
- 386.175 Trustee's power to appoint principal or income in favor of trustee of second trust -- Terms of second trust -- Special fiduciary -- Notice -- Judicial proceedings.
- 386.180 Repealed, 2008.
- 386.185 Distribution of trusts of $50,000 or less.
- 386.190 Repealed, 1992.
- 386.191 Repealed, effective January 1, 2005.
- 386.195 Repealed, effective January 1, 2005.
- 386.200 Repealed, 1992.
- 386.205 Repealed, effective January 1, 2005.
- 386.210 Repealed, 1992.
- 386.215 Repealed, effective January 1, 2005.
- 386.220 Repealed, 1992.
- 386.225 Repealed, effective January 1, 2005.
- 386.230 Repealed, 1992.
- 386.235 Repealed, effective January 1, 2005.
- 386.240 Repealed, 1992.
- 386.245 Repealed, effective January 1, 2005.
- 386.250 Repealed, 1992.
- 386.255 Repealed, effective January 1, 2005.
- 386.260 Repealed, 1992.
- 386.265 Repealed, effective January 1, 2005.
- 386.270 Repealed, 1992.
- 386.275 Repealed, effective January 1, 2005.
- 386.280 Repealed, 1992.
- 386.285 Repealed, effective January 1, 2005.
- 386.290 Repealed, 1992.
- 386.295 Repealed, effective January 1, 2005.
- 386.300 Repealed, 1992.
- 386.305 Repealed, effective January 1, 2005.
- 386.310 Repealed, 1992.
- 386.315 Repealed, effective January 1, 2005.
- 386.320 Repealed, 1992.
- 386.325 Repealed, effective January 1, 2005.
- 386.330 Repealed, 1992
- 386.335 Repealed, effective January 1, 2005.
- 386.340 Repealed, 1992.
- 386.345 Repealed, effective January 1, 2005.
- 386.349 Repealed, effective January 1, 2005.
- 386.350 Definitions for KRS 386.355 and 386.360.
- 386.355 Acts prohibited -- Policy of state regarding private foundations -- Split-interest trusts -- Charitable trusts.
- 386.360 Trust instruments -- How amended.
- 386.365 Distribution of assets upon dissolution -- Process for selection of receiving trust -- Assets available for distribution defined.
- 386.370 Definition of business trust, business entity, and name of record.
- 386.380 Establishment -- Lawful purposes.
- 386.382 Name of business trust.
- 386.384 Registered office -- Registered agent.
- 386.386 Repealed, 2011.
- 386.388 Repealed, 2011.
- 386.390 Powers and liabilities of trustees -- Liability of trust for acts of trustees.
- 386.392 Annual report.
- 386.400 Certificates of ownership -- Liability of beneficial owners.
- 386.410 Legality of foreign business trust.
- 386.420 Contents and recordation of declaration of trust.
- 386.430 Duration of business trust -- Rules against perpetuities and restraint of alienation not violated.
- 386.432 Repealed, 2011.
- 386.440 How business trust sued.
- 386.441 Repealed, 2011.
- 386.4420 Laws governing foreign business trust.
- 386.4422 Transaction of business by foreign business trust.
- 386.4424 Repealed, 2011.
- 386.4426 Repealed, 2011.
- 386.4428 Repealed, 2011.
- 386.4430 Repealed, 2011.
- 386.4432 Repealed, 2011.
- 386.4434 Registered office and registered agent for foreign business trust.
- 386.4436 Repealed, 2011.
- 386.4438 Repealed, 2011.
- 386.4440 Repealed, 2011.
- 386.4442 Repealed, 2011.
- 386.4444 Repealed, 2011.
- 386.4446 Repealed, 2011.
- 386.4448 Repealed, 2011.
- 386.450 Definitions for Kentucky Principal and Income Act, KRS 386.450 to 386.504.
- 386.452 Fiduciary duties.
- 386.454 Fiduciary's election to have certain standards apply to administration of trust or estate -- Power to adjust between principal and income -- Conversion to unitrust -- Adversary proceeding -- Powers under previous version of section.
- 386.456 Determination and distribution of net income.
- 386.458 Distribution to residuary and remainder beneficiaries.
- 386.460 When right to income begins and ends.
- 386.462 Apportionment of receipts and disbursements when decedent dies or income interest begins.
- 386.464 "Undistributed income" defined -- Apportionment when income interest ends.
- 386.466 "Entity" defined -- Character of receipts from entities.
- 386.468 Distribution from trust or estate.
- 386.470 Principal receipts.
- 386.472 Receipts from rental property.
- 386.474 Receipts from obligation to pay money -- Exceptions.
- 386.476 Receipts from insurance policies and similar contracts--Exception.
- 386.478 Insubstantial allocations not required -- When allocation presumed insubstantial.
- 386.480 Receipts from deferred compensation, annuities, and similar payments -- Exceptions -- Allocations of payments made from a separate fund.
- 386.482 Receipts from liquidating assets.
- 386.484 Receipts from minerals, water, and other natural resources.
- 386.486 Receipts from timber.
- 386.488 Property not productive of income.
- 386.490 Disbursements from income.
- 386.492 Disbursement from principal.
- 386.494 Transfers from income to principal for depreciation.
- 386.496 Transfers from income to reimburse principal.
- 386.498 Payment of income taxes.
- 386.500 Adjustments between principal and income because of taxes.
- 386.502 Application of KRS 386.450 to 386.504 to trusts.
- 386.510 Definitions for KRS 386.510 to 386.590.
- 386.520 Formation of company -- Approval -- Regulations.
- 386.530 Incorporation.
- 386.540 Regulation of investments.
- 386.550 Corporate powers -- Limitations and restrictions.
- 386.560 Purchase of own stock -- Responsibility and liability -- Compliance with regulations of comptroller of currency.
- 386.570 Control by commissioner of financial institutions.
- 386.580 Advertising and publicity prohibitions -- Exceptions.
- 386.590 Investment adviser's contract.
- 386.600 Title -- Citation.
- 386.650 "Court" defined.
- 386.651 "Trust" defined.
- 386.653 Applicability of KRS 386.650 to 386.735 to all trusts.
- 386.655 Trust registration -- Duty to register.
- 386.660 Procedures.
- 386.665 Effect of registration -- Notice of proceedings.
- 386.670 Failure to register.
- 386.675 Initiation of judicial proceedings.
- 386.680 Venue.
- 386.685 Proceedings relating to foreign trusts.
- 386.690 Jurisdiction of litigation involving trusts and third parties.
- 386.695 Review of agent's employment and compensation of trustee and employees.
- 386.700 Filing petition -- Notice requirements.
- 386.705 General duties not limited.
- 386.710 Standard of care and performance.
- 386.715 Duty to inform and account to beneficiaries.
- 386.720 Duty to provide surety on bond.
- 386.725 Appropriate place of administration -- Deviation.
- 386.730 Personal liability of trustee to third parties.
- 386.735 Limitations on proceedings against trustees after final account.
- 386.740 Power of fiduciary to use assets to prevent or remedy environmental violations -- Limitation of personal liability of fiduciary.
- 386.800 Definitions.
- 386.805 Powers of trustee conferred by trust or by law.
- 386.810 Powers of trustees conferred by this chapter.
- 386.815 Trustee's office not transferable.
- 386.820 Power of court to permit deviation and to approve transactions involving conflict of interest.
- 386.825 Powers exercisable by joint trustees -- Liability.
- 386.830 Third persons protected in dealing with trustee.
- 386.835 Application of KRS 386.805 to 386.840.
- 386.840 Uniformity of interpretation.
- 386.845 Short title.
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