{"data":{"id":"us-ky/krs-210.405","jurisdiction":"us-ky","citation":"KRS 210.405","heading":"Board may act as fiduciary -- Duties -- Powers.","body":"(1) Any regional community board for mental health or individuals with an intellectual\ndisability established pursuant to KRS 210.380 and recognized by the secretary of\nthe Cabinet for Health and Family Services may be appointed and act as executor,\nadministrator, guardian, limited guardian, conservator, or limited conservator, as\nprovided in this section. In this capacity, the board may transact business in the\nsame manner as any individual and for this purpose may sue and be sued in any of\nthe courts of the state. Bond shall not be required of the board.\n(2) Whenever a person who has been adjudged mentally disabled and requires mental\nhealth services has no guardian or conservator, the board, acting through its\ndesignated officer, may apply to the District Cou rt of the county in which the\nadjudication was made for its appointment as guardian or conservator for such\nmentally disabled person. The board may also apply to be substituted as guardian or\nconservator for a mentally disabled person whose guardian or con servator is the\nCabinet for Health and Family Services and who has been discharged or whose\ndischarge is imminent from a Cabinet for Health and Family Services facility.\n(3) Upon the death of a person for whom the board has been appointed guardian or\nconservator leaving an estate and having no relatives at the time residing within the\nstate, the board may apply for appointment as administrator and upon appointment\nshall close the administration of the estate.\n(4) The board may invest funds held as fiduciary in bonds or other securities guaranteed\nby the United States, and may sell or exchange such securities in its discretion.\n(5) The board shall receive such fees for its fiduciary services as provided by law.\nThese fees shall be placed in a trust and agency  account, from which may be drawn\nexpenses for filing fees, court costs, and other expenses incurred in the\nadministration of estates. Claims of the board against the estates shall be considered\nin the same manner as any other claim.","path":["KRS Chapter 210"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40808","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:52:11Z","sha256":"a5242e7d6616cd4df57bd87b3d6fa67316f7f0949c1cf251432e89f76672faad","source_id":"us-ky","stale":false,"prev":"us-ky/krs-210.400","next":"us-ky/krs-210.410"},"notice":"GroundRules: Original legal text. Not legal advice."}