Ky. Rev. Stat. » Chapter 297
Kentucky Revised Statutes

Ky. Rev. Stat. § 297.140 (2026)

Repealed, 1950

✓ current as of May 2026
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Catchline at repeal: Life insurance for benefit of a married woman; premiums paid in fraud of creditors. History: Repealed 1950 Ky. Acts ch. 21, sec. 2. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 654.

Notes of Decisions
Cited in 5 cases, 1944–2016 · leading case: Starnes v. Comm'r, 680 F.3d 417 (4th Cir. 2012).
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Starnes v. Comm'r, 680 F.3d 417 (4th Cir. 2012). · cites it 2× “1047 (citing Ky.Rev.Stat. Ann. § 297.140 (1948)). Here, unlike in Stern , one element of each of the state-law bases for liability is that there was a "transfer.”
John Wesley Bays v. Kristie D. Kiphart Individually & as Tr. of the Demand Right Irrevocable Trust for Bryce A. Bays, 486 S.W.3d 283 (Ky. 2016). “se, but instead claimed-that the change of beneficiaries violated KRS 297.140 (now KRS 304.14-340), which makes the proceeds of any life-insurance policy payable to a wife part of her separate estate (and thus protected from the husband’s creditors), and allows a woman to .”
Nat'l Life & Acc. Ins. Co. v. Walker, 246 S.W.2d 139 (Ky. Ct. App. 1952). · cites it 3× “The premiums paid on the policy shall be held to have been her separate estate, and the policy shall inure to her separate use and benefit and that of her children, free from any claim of her husband or others.”
Webber v. W. S. Life Ins. Co., 220 S.W.2d 584 (Ky. Ct. App. 1949). “It must be construed in the light of the established principle heretofore stated that a beneficiary paying the premiums of a policy on the life of another must have an insurable interest.”
Cnty. Bd. of Tax Sup'rs of Jefferson Co. v. Helm, 181 S.W.2d 452 (Ky. Ct. App. 1944). “Helm’s right to this interest and her right to collect interest on a promissory note executed to her by an insurance company for money which she had loaned it evidenced by a note. But my brethren lose sight of the fact that Mrs.”
— Ky. Rev. Stat. § 297.140(2) — 1 case
Nat'l Life & Acc. Ins. Co. v. Walker, 246 S.W.2d 139 (Ky. Ct. App. 1952). “The premiums paid on the policy shall be held to have been her separate estate, and the policy shall inure to her separate use and benefit and that of her children, free from any claim of her husband or others.”
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