Kentucky Statutes 457.120 – Reimbursement and compensation of agent
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Unless the power of attorney otherwise provides, an agent is entitled to reimbursement of expenses reasonably incurred on behalf of the principal and to compensation that is reasonable under the circumstances.
Effective: July 14, 2018
History: Created 2018 Ky. Acts ch. 185, sec. 12, effective July 14, 2018.
Effective: July 14, 2018
Terms Used In Kentucky Statutes 457.120
- Agent: means a person granted authority to act for a principal under a power of attorney, whether denominated an agent, attorney-in-fact, or otherwise. See Kentucky Statutes 457.020
- Principal: means an individual who grants authority to an agent in a power of attorney. See Kentucky Statutes 457.020
History: Created 2018 Ky. Acts ch. 185, sec. 12, effective July 14, 2018.