Kentucky Revised Statutes

Ky. Rev. Stat. § 387.122 (2026)

Certain assets subject to withdrawal only upon authorization of court

✓ current as of May 2026

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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. Effective: July 13, 1990 History: Created 1990 Ky. Acts ch. 487, sec. 13, effective July 13, 1990.

Notes of Decisions

Cited in 2 cases, 2010–2010 · leading case: Branham v. Stewart, 307 S.W.3d 94 (Ky. 2010).

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Branham v. Stewart, 307 S.W.3d 94 (Ky. 2010). · cites it 6× “subject to withdrawal by the guardian or conservator only upon authorization of the District Court."); KRS 387.”

Ralph Gentry v. Commonwealth of Kentucky (Ky. 2010). · cites it 2× “(b) If the District Court directs that the assets of a ward's estate be deposited in a restricted account as set out in KRS 387.122, the guardian or conservator shall be exempt from giving surety on his or her bond .”

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