Kentucky Statutes 395.325 – Fiduciary resignation or disability — Settlement of accounts
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(1) If any fiduciary resigns or is removed, he shall upon the appointment of his successor settle his accounts.
(2) If any fiduciary becomes mentally disabled or dies, the personal representative of his estate shall upon the appointment of a successor fiduciary for the mentally disabled fiduciary or decedent settle for his decedent the accounts of the first decedent.
Effective: July 15, 2014
History: Amended 2014 Ky. Acts ch. 25, sec. 114, effective July 15, 2014. — Amended
1982 Ky. Acts ch. 141, sec. 109, effective July 1, 1982; and ch. 277, sec. 13, effective July 15, 1982 — Created 1970 Ky. Acts ch. 257, sec. 4.
Note: 1982 Ky. Acts ch. 277, sec. 14 attempted to amend this section as it was amended by 1980 Ky. Acts ch. 396, sec. 122, which would have taken effect July 1,
1982. However, 1980 Ky. Acts ch. 396 was repealed by 1982 Ky. Acts ch. 141, sec.
146, effective July 1, 1982. Therefore, the amendment by 1982 Ky. Acts ch. 227, sec.
14 was not made.
(2) If any fiduciary becomes mentally disabled or dies, the personal representative of his estate shall upon the appointment of a successor fiduciary for the mentally disabled fiduciary or decedent settle for his decedent the accounts of the first decedent.
Terms Used In Kentucky Statutes 395.325
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Decedent: A deceased person.
- Fiduciary: A trustee, executor, or administrator.
- fiduciary: as used in this chapter :
(1) Means any person, association, or corporation meeting the requirements of KRS
395. See Kentucky Statutes 395.001
Effective: July 15, 2014
History: Amended 2014 Ky. Acts ch. 25, sec. 114, effective July 15, 2014. — Amended
1982 Ky. Acts ch. 141, sec. 109, effective July 1, 1982; and ch. 277, sec. 13, effective July 15, 1982 — Created 1970 Ky. Acts ch. 257, sec. 4.
Note: 1982 Ky. Acts ch. 277, sec. 14 attempted to amend this section as it was amended by 1980 Ky. Acts ch. 396, sec. 122, which would have taken effect July 1,
1982. However, 1980 Ky. Acts ch. 396 was repealed by 1982 Ky. Acts ch. 141, sec.
146, effective July 1, 1982. Therefore, the amendment by 1982 Ky. Acts ch. 227, sec.
14 was not made.