The District Court may direct that all or some part of the assets of a ward's estate be deposited in a bank, trust company, or insured savings and loan company authorized to transact business in the Commonwealth or in a single-premium deferred annuity, subject to withdrawal by the guardian or conservator only upon authorization of the District Court.
KRS 387.122
Certain assets subject to withdrawal only upon authorization of court
Known as the Uniform Adult Guardianship and Protective Proceedings Jurisdiction Act
The act spans §§ 387–387 (121 sections).
Applied in 1 court decision — leading case Branham v. Stewart (2010)
Most recently applied in Branham v. Stewart (March 2010)
Effective: July 13, 1990 History: Created 1990 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.