395.005 Who may be appointed as fiduciary.
116 words·~1 min read·
/ky/chapter-395/395-005A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The following persons may be appointed as fiduciary:
(1)Any resident of the state of Kentucky, over eighteen
(18)years of age, except as set
out in KRS 395.080;
(2)Any national bank located in Kentucky having fiduciary powers;
(3)Any state bank or trust company incorporated under the laws of this state and
authorized by law to act as fiduciary;
(4)To the extent permitted pursuant to KRS 286.3-146 and 286.3-920(5), any bank or
trust company organized under the laws of a state other than Kentucky; and
(5)Any nonresident of legal age who is as to the decedent, ward, or incompetent,
related by consanguinity, marriage, adoption or the spouse of such person so
related.