Kentucky Revised Statutes

Ky. Rev. Stat. § 395.310 (2026)

Interest charged representative on assets

✓ current as of May 2026

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A personal representative, after the expiration of two (2) years from the time he qualifies, shall be charged with interest on the surplus assets in his hands from that period, and before the expiration of two (2) years shall be charged with all interest realized on assets. Effective: October 1, 1942 History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 3859.

Notes of Decisions

Cited in 2 cases, 1945–1946 · leading case: Panke v. Louisville Trust Co., Etc., 198 S.W.2d 313 (Ky. Ct. App. 1946).

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Panke v. Louisville Trust Co., Etc., 198 S.W.2d 313 (Ky. Ct. App. 1946). “3859, Kentucky Statutes, now KRS 395.310, that a personal representative shall be charged with interest on the surplus assets in its hands from that time.”

Rison v. Shepherd, 186 S.W.2d 648 (Ky. Ct. App. 1945). “It is not unusual for a personal representative to hold funds in his hands, and KS 3859 (KRS 395.310) provides for interest to be *696 charged against him on surplus assets in his hands if no settlement is made within two years.”

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