387.270 Interest charged guardians or conservators.
122 words·~1 min read·
/ky/chapter-387/387-270A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)If from any source a balance is owing by a guardian or conservator at the end of any
year, counting from the time of appointment of the guardian or conservator, which
should have been invested for the benefit of the ward in reasonable time but which
remains in the guardian's or conservator's hands, the guardian or conservator shall
be charged with the legal rate of interest compounded annually from the end of the
year in which the balance arose.
(2)However, nothing in this section shall prohibit or prevent a guardian or conservator
from accounting for or being chargeable with sums in excess of the rates herein
fixed realized upon any investment of trust funds made by the guardian or
conservator.