Current through 2024 Ky. Acts ch. 225
Section 386B.10-010 - Remedies for breach of trust(1) A violation by a trustee of a duty the trustee owes to a beneficiary is a breach of trust.(2) To remedy a breach of trust that has occurred or may occur, the court may: (a) Compel the trustee to perform the trustee's duties;(b) Enjoin the trustee from committing a breach of trust;(c) Compel the trustee to redress a breach of trust by paying money, restoring property, or other means;(d) Order a trustee to account;(e) Appoint a special fiduciary to take possession of the trust property and administer the trust;(g) Remove the trustee under KRS 386B.7-060;(h) Reduce or deny compensation to the trustee;(i) Subject to KRS 386B.10-110, void an act of the trustee, impose a lien or a constructive trust on trust property, or trace trust property wrongfully disposed of and recover the property or its proceeds; or(j) Order any other appropriate relief.Added by 2014 Ky. Acts ch. 25,§ 79, eff. 7/15/2014.