Kentucky Revised Statutes · § 286.3-110 — Investment of funds held in fiduciary capacity -- Capital stock liable for fiduciary obligations
286.3-110. Investment of funds held in fiduciary capacity -- Capital stock liable for fiduciary obligations
Funds held in a fiduciary capacity shall be invested under the order of the court, or in such manner as may be provided by law for the investment of other trust funds, and the capital stock shall be primarily liable for the obligations of the corporation in its fiduciary capacity.
Source notes
Effective: July 15, 1996
Legislative Research Commission Note (7/12/2006). In accordance with 2006 Ky. Acts ch. 247, secs. 38 and 39, this statute has been renumbered as a section of the Kentucky Financial Services Code, KRS Chapter 286.
History and annotations
Amended 1996 Ky. Acts ch. 338, sec. 12, effective July 15, 1996. -- Amended 1984 Ky. Acts ch. 324, sec. 14, effective July 13, 1984. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 614. Formerly codified as KRS 287.110.
Source captured 2026-09-25. Open the official source.