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Code · Kentucky · Chapter 386 — Administration of trusts -- legal investments -- uniform principal and income act

386.010 Definitions for KRS 386.010 to 386.175.

49 words·~1 min read·/ky/chapter-386/386-010

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.
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