Kentucky Revised Statutes

Ky. Rev. Stat. § 391.305 (2026)

Ownership as between parties and others -- Protection of financial

✓ current as of May 2026

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institutions. The provisions of KRS 391.310 to 391.320 concerning beneficial ownership as between parties, or as between parties and P.O.D. payees or beneficiaries of multiple-party accounts, are relevant only to controversies between these persons and their creditors and other successors, and have no bearing on the power of withdrawal of these persons as determined by the terms of account contracts. The provisions of KRS 391.335 to 391.360 govern the liability of financial institutions who make payments pursuant thereto, and their set-off rights. History: Created 1976 Ky. Acts ch. 218, sec. 27.

Notes of Decisions

Cited in 1 case, 1999–1999 · leading case: Brown v. Commonwealth, 40 S.W.3d 873 (Ky. Ct. App. 1999).

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Brown v. Commonwealth, 40 S.W.3d 873 (Ky. Ct. App. 1999). “] Finally, KRS 391.305 provides that The provisions of KRS 391.”

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