Kentucky Revised Statutes
Includes enactments through the 2024 Regular Session
Chapter titles, centered headings, section catchlines, and explanatory notes are for informational purposes only and do not constitute any part of the law. For general laws governing construction of statutes, see KRS Chapter 446.
The KRS database was last updated on 11/20/2024
.010 Definitions for KRS 386.010 to 386.175.
.020 Authorized investments of trust funds -- Fiduciary to account for profits -- Section not applicable to trustees.
.023 Investment method alternatives.
.025 Restrictions on investment in own stock by bank or trust company acting as fiduciary.
.030 Investment of funds of financial institutions and funds in hands of public officials.
.040 Securities of certain federal agencies authorized as collateral.
.050 Housing authority obligations -- Authorized investments -- Security for public deposits -- Negotiable -- United States bonds.
.060 Investments not to be contrary to instrument creating trust.
.070 Repealed, 2014.
.080 Repealed, 1944.
.090 Repealed, 1980.
.093 Repealed, 2018.
.095 Repealed, 2020.
.100 Application of payments made to a fiduciary -- Section not applicable to trustees.
.110 Transfer of a negotiable instrument by a fiduciary.
.120 Deposits in fiduciary's personal account.
.130 Deposits in name of fiduciary as such -- In name of principal.
.140 Checks drawn by a fiduciary payable to third person or to himself.
.150 Fiduciary not relieved of liability.
.160 Deposit of funds with joint control by surety and fiduciary.
.165 Deposit of securities in a clearing corporation -- Accounting and crediting of deposits.
.170 Nonresident trustee for personal property of nonresident beneficiary -- Power to act in this state.
.175 Trustee's power to appoint principal or income in favor of trustee of second trust -- Terms of second trust -- Special fiduciary -- Notice -- Judicial proceedings.
.180 Repealed, 2008.
.185 Repealed, 2014.
.190 Repealed, 1992.
.191 Repealed, 2005.
.195 Repealed, 2005.
.200 Repealed, 1992.
.205 Repealed, 2005.
.210 Repealed, 1992.
.215 Repealed, 2005.
.220 Repealed, 1992.
.225 Repealed, 2005.
.230 Repealed, 1992.
.235 Repealed, 2005.
.240 Repealed, 1992.
.245 Repealed, 2005.
.250 Repealed, 1992.
.255 Repealed, 2005.
.260 Repealed, 1992.
.265 Repealed, 2005.
.270 Repealed, 1992.
.275 Repealed, 2005.
.280 Repealed, 1992.
.285 Repealed, 2005.
.290 Repealed, 1992.
.295 Repealed, 2005.
.300 Repealed, 1992.
.305 Repealed, 2005.
.310 Repealed, 1992.
.315 Repealed, 2005.
.320 Repealed, 1992.
.325 Repealed, 2005.
.330 Repealed, 1992
.335 Repealed, 2005.
.340 Repealed, 1992.
.345 Repealed, 2005.
.349 Repealed, 2005.
.350 Definitions for KRS 386.355 and 386.360.
.355 Acts prohibited -- Policy of state regarding private foundations -- Split-interest trusts -- Charitable trusts.
.360 Trust instruments -- How amended.
.365 Distribution of assets upon dissolution -- Process for selection of receiving trust -- Assets available for distribution defined.
.367 Filing or reporting requirements -- Restrictions.
.370 Definition of business trust, business entity, and name of record.
.380 Establishment -- Lawful purposes.
.382 Name of business trust.
.384 Registered office -- Registered agent.
.386 Repealed, 2011.
.388 Repealed, 2011.
.390 Powers and liabilities of trustees -- Liability of trust for acts of trustees.
.392 Annual report.
.400 Certificates of ownership -- Liability of beneficial owners.
.410 Legality of foreign business trust.
.420 Contents and recordation of declaration of trust.
.430 Duration of business trust -- Rules against perpetuities and restraint of alienation not violated.
.432 Repealed, 2011.
.440 How business trust sued.
.441 Repealed, 2011.
.4420 Laws governing foreign business trust.
.4422 Transaction of business by foreign business trust.
.4424 Repealed, 2011.
.4426 Repealed, 2011.
.4428 Repealed, 2011.
.4430 Repealed, 2011.
.4432 Repealed, 2011.
.4434 Registered office and registered agent for foreign business trust.
.4436 Repealed, 2011.
.4438 Repealed, 2011.
.4440 Repealed, 2011.
.4442 Repealed, 2011.
.4444 Repealed, 2011.
.4446 Repealed, 2011.
.4448 Repealed, 2011.
.450 Definitions for Kentucky Principal and Income Act, KRS 386.450 to 386.504.
.452 Fiduciary duties.
.454 Fiduciary's election to have certain standards apply to administration of trust or estate -- Power to adjust between principal and income -- Conversion to unitrust -- Powers under previous version of section.
.456 Determination and distribution of net income.
.458 Distribution to residuary and remainder beneficiaries.
.460 When right to income begins and ends.
.462 Apportionment of receipts and disbursements when decedent dies or income interest begins.
.464 "Undistributed income" defined -- Apportionment when income interest ends.
.466 "Entity" defined -- Character of receipts from entities.
.468 Distribution from trust or estate.
.470 Principal receipts.
.472 Receipts from rental property.
.474 Receipts from obligation to pay money -- Exceptions.
.476 Receipts from insurance policies and similar contracts--Exception.
.478 Insubstantial allocations not required -- When allocation presumed insubstantial.
.480 Receipts from deferred compensation, annuities, and similar payments -- Exceptions -- Allocations of payments made from a separate fund.
.482 Receipts from liquidating assets.
.484 Receipts from minerals, water, and other natural resources.
.486 Receipts from timber.
.488 Property not productive of income.
.490 Disbursements from income.
.492 Disbursement from principal.
.494 Transfers from income to principal for depreciation.
.496 Transfers from income to reimburse principal.
.498 Payment of income taxes.
.500 Adjustments between principal and income because of taxes.
.502 Application of KRS 386.450 to 386.504 to trusts.
.504 Short title.
.510 Definitions for KRS 386.510 to 386.590.
.520 Formation of company -- Approval -- Regulations.
.530 Incorporation.
.540 Regulation of investments.
.550 Corporate powers -- Limitations and restrictions.
.560 Purchase of own stock -- Responsibility and liability -- Compliance with regulations of comptroller of currency.
.570 Control by commissioner of financial institutions.
.580 Advertising and publicity prohibitions -- Exceptions.
.590 Investment adviser's contract.
.600 Title -- Citation.
.620 Definitions for KRS 386.620 to 386.624.
.622 Arrangement between spouses involving community property considered a community property trust -- Requirements for -- Provisions of written agreement -- Amendment or revocation of trust -- Consideration not required -- Classification and distribution of property.
.624 Satisfaction of obligation of one or both spouses from community property trust -- Distribution of assets upon death of spouse or dissolution of marriage.
.650 Repealed, 2014.
.651 Repealed, 2014.
.653 Repealed, 2014.
.655 Repealed, 2014.
.660 Repealed, 2014.
.665 Repealed, 2014.
.670 Repealed, 2014.
.675 Repealed, 2014.
.680 Repealed, 2014.
.685 Repealed, 2014.
.690 Repealed, 2014.
.695 Repealed, 2014.
.700 Repealed, 2014.
.705 Repealed, 2014.
.710 Repealed, 2014.
.715 Repealed, 2014.
.720 Repealed, 2014.
.725 Repealed, 2014.
.730 Repealed, 2014.
.735 Repealed, 2014.
.740 Repealed, 2014.
.800 Repealed, 2014.
.805 Repealed, 2014.
.810 Repealed, 2014.
.815 Repealed, 2014.
.820 Power of court to permit deviation and to approve transactions involving conflict of interest.
.825 Repealed, 2014.
.830 Repealed, 2014.
.835 Repealed, 2014.
.840 Repealed, 2014.
.845 Repealed, 2014.