Statutes, codes, and regulations
Kentucky Revised Statutes
Title 33 - ADMINISTRATION OF TRUSTS AND ESTATESChapter 386 - ADMINISTRATION OF TRUSTS - LEGAL INVESTMENTS - UNIFORM PRINCIPAL AND INCOME ACT
ADMINISTRATION - INVESTMENTS
Section 386.010 - Definitions for KRS 386.010 to 386.175

Ky. Rev. Stat. § 386.010

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Current through 2024 Ky. Acts ch. 225
Section 386.010 - Definitions for KRS 386.010 to 386.175

As used in KRS 386.010 to 386.175, unless the context requires otherwise:

(1) "Fiduciary" means any trustee, guardian, executor, administrator, conservator or other individual or corporation holding funds or otherwise acting in a fiduciary capacity.
(2) "Principal" means any person to whom a fiduciary, as such, owes an obligation.

KRS 386.010

Amended by 2014 Ky. Acts ch. 25,§ 100, eff. 7/15/2014.
Effective:7/13/1984
Amended 1984 Ky. Acts ch. 111, sec. 152, effective7/13/1984. --Amended 1982 Ky. Acts ch. 141, sec. 99, effective 7/1/1982. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. sec. 4711-1.