Kentucky Statutes 386B.8-110 – Enforcement and defense of claims
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A trustee shall take reasonable steps to enforce claims of the trust and to defend claims against the trust.
Effective: July 15, 2014
History: Created 2014 Ky. Acts ch. 25, sec. 70, effective July 15, 2014.
Effective: July 15, 2014
Terms Used In Kentucky Statutes 386B.8-110
- 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. 70, effective July 15, 2014.