Kentucky Revised Statutes
Ky. Rev. Stat. § 393A.310 (2026)
Definition of good faith
✓ current as of May 2026
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In KRS 393A.310 to 393A.390, payment or delivery of property shall be made in good faith if a holder:
(1) Had a reasonable basis for believing, based on the facts then known, that the property was required or permitted to be paid or delivered to the administrator under this chapter; or
(2) Made payment or delivery:
(a) In response to a demand by the administrator or administrator's agent; or
(b) Under a guidance or ruling issued by the administrator which the holder reasonably believed required or permitted the property to be paid or delivered. Effective: July 14, 2018 History: Created 2018 Ky. Acts ch. 163, sec. 31, effective July 14, 2018.
Notes of Decisions
Cited in 1
case (1 in the last 5 years), 2023–2023 · leading case: Franklin Bank & Trust Co. v. John Hancock Life Ins. Co. (USA) (W.D. Ky. 2023).
Franklin Bank & Trust Co. v. John Hancock Life Ins. Co. (USA) (W.D. Ky. 2023). “” Ky. Rev. Stat. Ann. § 393A.310(1). The parties appear to agree that John Hancock is a “holder” under this statute.”
— Ky. Rev. Stat. § 393A.310(1) — 1 case
Franklin Bank & Trust Co. v. John Hancock Life Ins. Co. (USA) (W.D. Ky. 2023). “” Ky. Rev. Stat. Ann. § 393A.310(1). The parties appear to agree that John Hancock is a “holder” under this statute.”
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