Kentucky Revised Statutes · § 386.820 — Power of court to permit deviation and to approve transactions involving conflict of interest
386.820. Power of court to permit deviation and to approve transactions involving conflict of interest
If the duty of the trustee and his interest as trustee of another trust conflict in the exercise of a trust power, the power may be exercised only by court authorization upon petition of the trustee.
Source notes
Effective: July 15, 2014
History and annotations
Amended 2014 Ky. Acts ch. 25, sec. 108, effective July 15, 2014. -- Created 1976 Ky. Acts ch. 218, sec. 48.
