{"data":{"id":"us-ky/krs-286.3-225","jurisdiction":"us-ky","citation":"KRS 286.3-225","heading":"Appointment of a nominee by banking institutions acting in a fiduciary","body":"capacity.\n(1) Any bank or trust company when acting as executor, administrator, guardian,\nconservator, agent, or trustee, whether alone or jointly with an individual or\nindividuals, may with the consent of the individual fiduciary or fiduciaries, if any\n(who are hereby authorized to give such consent), cause any stock or other\nsecurities held in any such capacity to be registered and held in the name of a\nnominee or nominees of such bank or trust company, or in its own name.\n(2) Any such bank or trust company shall be absolutely liable for any loss occasioned\nby the acts of any nominees of such bank or trust company with respect to such\nstock or other securities so registered. But no liability for any loss occasioned by the\nacts of any such bank or trust company, or the nominee of either of them with\nrespect to such stock or securities so registered, shall be imposed upon the\ncorporation, its transfer agent or registrar, which regi sters its stock or other\nsecurities in the name of such bank or trust company, or the nominee of either of\nthem, in accordance with the provisions of this section.\n(3) The records of such bank or trust company shall at all times show the ownership of\nany such stock or other securities. Such stock or other securities shall at all times be\nkept separate and apart from the assets of such bank or trust company.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=14562","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:57:10Z","sha256":"a8dffd9cb7b213d85f6f16075c09205db7debb72e508a70d9ff0b7752e86d1e5","source_id":"us-ky","stale":false,"prev":"us-ky/krs-286.3-220","next":"us-ky/krs-286.3-230"},"notice":"GroundRules: Original legal text. Not legal advice."}