Kentucky Statutes 385.192 – Accounting by and determination of liability of custodian
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(1) A minor who has attained the age of fourteen (14) years, the minor’s guardian of the person or legal representative, an adult member of the minor’s family, a transferor, or a transferor’s legal representative may petition the court:
(a) For an accounting by the custodian or the custodian’s legal representative; or
(b) For a determination of responsibility, as between the custodial property and the custodian personally, for claims against the custodial property unless the responsibility has been adjudicated in an action under KRS § 385.172 to which the minor or the minor’s legal representative was a party.
(2) A successor custodian may petition the court for an accounting by the predecessor custodian.
(3) The court, in a proceeding under KRS § 385.032 to KRS § 385.222 or in any other proceeding, may require or permit the custodian or the custodian’s legal representative to account.
(4) If a custodian is removed under KRS § 385.182(6), the court shall require an accounting and order delivery of the custodial property and records to the successor custodian and the execution of all instruments required for transfer of the custodial property.
Effective: July 15, 1986
History: Created 1986 Ky. Acts ch. 182, sec. 19, effective July 15, 1986.
(a) For an accounting by the custodian or the custodian’s legal representative; or
Terms Used In Kentucky Statutes 385.192
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
(b) For a determination of responsibility, as between the custodial property and the custodian personally, for claims against the custodial property unless the responsibility has been adjudicated in an action under KRS § 385.172 to which the minor or the minor’s legal representative was a party.
(2) A successor custodian may petition the court for an accounting by the predecessor custodian.
(3) The court, in a proceeding under KRS § 385.032 to KRS § 385.222 or in any other proceeding, may require or permit the custodian or the custodian’s legal representative to account.
(4) If a custodian is removed under KRS § 385.182(6), the court shall require an accounting and order delivery of the custodial property and records to the successor custodian and the execution of all instruments required for transfer of the custodial property.
Effective: July 15, 1986
History: Created 1986 Ky. Acts ch. 182, sec. 19, effective July 15, 1986.