Kentucky Statutes 386.820 – Power of court to permit deviation and to approve transactions involving conflict of interest
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If the duty of the trustee and his interest as trustee of another trust conflict in the exercise of a trust power, the power may be exercised only by court authorization upon petition of the trustee.
Effective: July 15, 2014
History: Amended 2014 Ky. Acts ch. 25, sec. 108, effective July 15, 2014. — Created
1976 Ky. Acts ch. 218, sec. 48.
Effective: July 15, 2014
Terms Used In Kentucky Statutes 386.820
- Trustee: A person or institution holding and administering property in trust.
History: Amended 2014 Ky. Acts ch. 25, sec. 108, effective July 15, 2014. — Created
1976 Ky. Acts ch. 218, sec. 48.