There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Article 4 Bank Deposits and Collections
355.4.405 Death or incompetence of customer.
Download pdfincompetence of a customer of either bank existing at the time the item is issued or
its collection is undertaken if the bank does not know of an adjudication of
incompetence. Neither death nor incompetence of a customer revokes the authority
to accept, pay, collect, or account until the bank knows of the fact of death or of an
adjudication of incompetence and has reasonable opportunity to act on it. (2) Even with knowledge, a bank may for ten (10) days after the date of death pay or certify checks drawn on or before that date unless ordered to stop payment by a
person claiming an interest in the account. Effective: January 1, 1997
History: Amended 1996 Ky. Acts ch. 130, sec. 105, effective January 1, 1997. -- Created 1958 Ky. Acts ch. 77, sec. 4-405, effective July 1, 1960.
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