Ky. Rev. Stat. » Chapter 385
Kentucky Revised Statutes

Ky. Rev. Stat. § 385.012 (2026)

Definitions

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As used in KRS 385.022 to 385.222:

(1) "Adult" means an individual who has attained the age of eighteen (18) years;

(2) "Benefit plan" means an employer's plan for the benefit of an employee or partner;

(3) "Broker" means a person lawfully engaged in the business of effecting transactions in securities or commodities for the person's own account or for the account of others;

(4) "Conservator" means a person appointed or qualified by a court to act as general, limited, or temporary guardian of a minor's property or a person legally authorized to perform substantially the same functions;

(5) "Court" means District Court;

(6) "Custodial property" means:

(a) Any interest in property transferred to a custodian under KRS 385.032 to 385.222; and

(b) The income from and proceeds of that interest in property;

(7) "Custodian" means a person so designated under KRS 385.092; or a successor or substitute custodian designated under KRS 385.182;

(8) "Financial institution" means a bank, trust company savings institution or credit union, chartered and supervised under state or federal law;

(9) "Legal representative" means an individual's personal representative or conservator;

(10) "Member of the minor's family" means the minor's parent, step-parent, spouse, grandparent, brother, sister, uncle, or aunt, whether of the whole or half blood or by adoption;

(11) "Minor" means an individual who has not attained the age of eighteen (18) years;

(12) "Person" means an individual, corporation, organization, or other legal entity;

(13) "Personal representative" means an executor, administrator, successor personal representative, or special administrator of a decedent's estate or a person legally authorized to perform substantially the same functions;

(14) "State" includes any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any territory or possession subject to the legislative authority of the United States;

(15) "Transfer" means a transaction that creates custodial property under KRS 385.092;

(16) "Transferor" means a person who makes a transfer under KRS 385.032 to 385.222;

(17) "Trust company" means a financial institution, corporation, or other legal entity, authorized to exercise general trust powers. Effective: July 15, 1986 History: Created 1986 Ky. Acts ch. 182, sec. 1, effective July 15, 1986.

Notes of Decisions
Cited in 2 cases, 2001–2010 · leading case: Peter v. Gibson, 336 S.W.3d 2 (Ky. 2010).
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Peter v. Gibson, 336 S.W.3d 2 (Ky. 2010). · cites it 8× “KRS 385.012(11) defines a "minor" as "an individual who has not attained the age of eighteen (18) years.”
Privett v. Clendenin, 52 S.W.3d 530 (Ky. 2001). · cites it 4× “See KRS 385.012(10) & (16). He clearly had the right under the UTMA to bring his claims against Clendenin: A minor who has attained the age of fourteen (14) years, the minor's guardian of the person or legal representative, an adult member of the minor's family, a transferor, or…”
Ky. Rev. Stat. § 385.012(10): 1 case
Privett v. Clendenin, 52 S.W.3d 530 (Ky. 2001). “See KRS 385.012(10) & (16). He clearly had the right under the UTMA to bring his claims against Clendenin: A minor who has attained the age of fourteen (14) years, the minor's guardian of the person or legal representative, an adult member of the minor's family, a transferor, or…”
Ky. Rev. Stat. § 385.012(11): 1 case
Peter v. Gibson, 336 S.W.3d 2 (Ky. 2010). “KRS 385.012(11) defines a "minor" as "an individual who has not attained the age of eighteen (18) years.”
Ky. Rev. Stat. § 385.012(5): 2 cases
Peter v. Gibson, 336 S.W.3d 2 (Ky. 2010). “KRS 385.012(11) defines a "minor" as "an individual who has not attained the age of eighteen (18) years.”
Privett v. Clendenin, 52 S.W.3d 530 (Ky. 2001). “See KRS 385.012(10) & (16). He clearly had the right under the UTMA to bring his claims against Clendenin: A minor who has attained the age of fourteen (14) years, the minor's guardian of the person or legal representative, an adult member of the minor's family, a transferor, or…”
Ky. Rev. Stat. § 385.012(7): 1 case
Peter v. Gibson, 336 S.W.3d 2 (Ky. 2010). “KRS 385.012(11) defines a "minor" as "an individual who has not attained the age of eighteen (18) years.”
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