Kentucky Statutes 386B.5-060 – Personal obligations of trustee
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Trust property is not subject to personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt.
Effective: July 15, 2014
History: Created 2014 Ky. Acts ch. 25, sec. 45, effective July 15, 2014.
Effective: July 15, 2014
Terms Used In Kentucky Statutes 386B.5-060
- Property: means anything that may be the subject of ownership, whether legal or equitable, or any interest therein. See Kentucky Statutes 386B.1-010
- Trustee: A person or institution holding and administering property in trust.
- Trustee: includes an original, additional, and successor trustee, and a cotrustee. See Kentucky Statutes 386B.1-010
History: Created 2014 Ky. Acts ch. 25, sec. 45, effective July 15, 2014.