KRS 386A.5-040: Protection of person dealing with trustee.

(1) A person that in good faith assists a trustee, or in good faith and for value deals with

a trustee, without knowledge that the trustee is exceeding or improperly exercising

the trustee's power, is protected from liability as if the trustee properly exercised the

power.

(2) A person that in good faith deals with a trustee need not inquire into the extent of a

trustee's power or the propriety of the exercise of the power.

(3) A person that in good faith delivers property to a trustee need not ensure its prope r

use.

(4) A person that in good faith and without knowledge that the trusteeship has

terminated assists a former trustee as if the former trustee were still a trustee, or in

good faith and for value deals with a former trustee as if the former trustee were still

a trustee, is protected from liability as if the former trustee were still a trustee.