Kentucky Statutes 386B.8-090 – Control and protection of trust property
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A trustee shall take reasonable steps to take control of and protect the trust property.
Effective: July 15, 2014
History: Created 2014 Ky. Acts ch. 25, sec. 68, effective July 15, 2014.
Effective: July 15, 2014
Terms Used In Kentucky Statutes 386B.8-090
- Property: means anything that may be the subject of ownership, whether legal or equitable, or any interest therein. See Kentucky Statutes 386B.1-010
- Trust: means an express trust established by a trust instrument, including a will, whereby a trustee has the duty to administer a trust asset for the benefit of a named or otherwise described income or principal beneficiary, or both. See Kentucky Statutes 386B.1-010
History: Created 2014 Ky. Acts ch. 25, sec. 68, effective July 15, 2014.