Kentucky Revised Statutes

Ky. Rev. Stat. § 342.155 (2026)

Payment of lump-sum compensation to trustee

✓ current as of May 2026

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Whenever the administrative law judge considers it expedient, any lump sum which is paid as provided in this chapter shall be paid to any suitable person appointed by the District Court of the county of the residence of the injured employee or of his dependents as trustee to administer or apply the same for the benefit of the person or persons entitled thereto. The receipt of such trustee for the amount so paid to him shall discharge the employer and his insurer. Except as otherwise herein specifically provided, the manner of qualification and the rights, duties, and liabilities of the trustee shall be determined by the general laws of this state. Effective: December 12, 1996 History: Amended 1996 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 73, effective December 12, 1996. -- Amended 1987 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 19, effective, January 4, 1988. -- Amended 1980 Ky. Acts ch. 104, sec. 7, effective July 15, 1980. - - Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4908.

Notes of Decisions

Cited in 2 cases, 1952–1993 · leading case: Newberg v. Weaver, 866 S.W.2d 435 (Ky. 1993).

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Newberg v. Weaver, 866 S.W.2d 435 (Ky. 1993). “150; KRS 342.155. Workers and their employers also are free to reach an agreement which contemplates periodic payments for an agreed-upon percentage of occupational disability.”

Ball v. Smiddy, 249 S.W.2d 715 (Ky. Ct. App. 1952). “080 relating to valuation and allotment of homestead exemption. Appellee also contends that execution may not be had upon this property because a trust fund was created by the lump-sum settlement within the provisions of KRS 342.”

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