Statutes, codes, and regulations
Kentucky Revised Statutes
Title 33 - ADMINISTRATION OF TRUSTS AND ESTATES
Chapter 389A - FIDUCIAL AND JUDICIAL SALES OF REAL ESTATE
Section 389A.025 - Proceeds of sale or mortgage for benefit of persons entitled thereto

Ky. Rev. Stat. § 389A.025

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Current through Acts Received April 24, 2024
Section 389A.025 - Proceeds of sale or mortgage for benefit of persons entitled thereto

The net proceeds of the sale or mortgage of real estate by a fiduciary shall be held, invested or distributed for the benefit of the persons who, but for the sale or mortgage, would be entitled to the income derived therefrom or the possession thereof, in accordance with law or the will or trust under which he is acting.

KRS 389A.025

Effective:7/15/1980
Created 1980 Ky. Acts ch. 87, sec. 5, effective7/15/1980.