Kentucky Revised Statutes
Ky. Rev. Stat. § 386B.9-010 (2026)
Trustee to act as prudent investor
✓ current as of May 2026
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All trustees acting under this chapter with respect to investments shall have the authority and duties as set forth in KRS 286.3-277 to act as a prudent investor. Effective: July 15, 2014 History: Created 2014 Ky. Acts ch. 25, sec. 78, effective July 15, 2014.
Notes of Decisions
Cited in 1
case (1 in the last 5 years), 2025–2025 · leading case: Brett Kincaid v. Michael D. Foley, Member of the Advisory Comm. Fund C Created Under the Trust Agreement of Garvice D. Kincaid, Dated February 26, 1964, as Amended (Ky. Ct. App. 2025).
Brett Kincaid v. Michael D. Foley, Member of the Advisory Comm. Fund C Created Under the Trust Agreement of Garvice D. Kincaid, Dated February 26, 1964, as Amended (Ky. Ct. App. 2025). “” KRS 386B.9-010. Under this prudent investment standard, there is authority that a trustee must prudently manage the risk associated with the trust assets, and to that end, the trustee has a general duty to diversify the assets of the trusts.”
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