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.
KRS 386.820
Power of court to permit deviation and to approve transactions involving conflict of interest
Applied in 2 court decisions — leading case Wiggins v. PNC Bank, Kentucky, Inc. (1998)
Most recently applied in Herring v. Herring (November 2004)
Effective: July 15, 2014 History: Amended 2014 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.