If a trustee‘s lease is granted hereunder, even though one (1) of the parties who has an interest or possible interest in the property covered by such lease is a minor or a person adjudged mentally disabled, no separate guardian‘s lease or conservator’s lease shall be necessary.
Effective: July 1, 1982
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Terms Used In Kentucky Statutes 353.370

  • 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.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Trustee: A person or institution holding and administering property in trust.

History: Amended 1982 Ky. Acts ch. 141, sec. 93, effective July 1, 1982. — Created
1944 Ky. Acts ch. 76, sec. 8.
Note: 1980 Ky. Acts ch. 396, sec. 99 would have amended this section effective July
1, 1982. However, 1980 Ky. Acts ch. 396 was repealed by 1982 Ky. Acts ch. 141, sec. 146, also effective July 1,1982.

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