KRS 386.160: Deposit of funds with joint control by surety and fiduciary.

Any fiduciary of whom a bond, undertaking or other obligation is required may agree

with his surety for the deposit and safekeeping of any moneys and assets for which he and

his surety may be held responsible, with a bank, safe deposit or trust company, authorized

by law to do business in this state as such, or with another depository in this state

approved by the court, if the depository is otherwise proper. The agreement and the

deposit shall be made so as to prevent the withdrawal of the deposit or any p art thereof

without the written consent of the surety, or an order of court, made on such notice to the

surety as the court may direct. However, the agreement shall not in any manner release

from or change the liability of the principal or surety as establ ished by the terms of the

bond.