Kentucky Statutes > Chapter 386A > Subchapter 10 – Miscellaneous Provisions
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Terms Used In Kentucky Statutes > Chapter 386A > Subchapter 10 - Miscellaneous Provisions
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Business trust: includes , except when utilized in KRS Chapter 386, a "statutory trust" as organized under KRS Chapter 386A. See Kentucky Statutes 446.010
- City: includes town. See Kentucky Statutes 446.010
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Contract: A legal written agreement that becomes binding when signed.
- Devise: To gift property by will.
- Federal: refers to the United States. See Kentucky Statutes 446.010
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Statute: A law passed by a legislature.
- Year: means calendar year. See Kentucky Statutes 446.010