{"data":{"id":"us-ky/krs-355.4-405","jurisdiction":"us-ky","citation":"KRS 355.4-405","heading":"Death or incompetence of customer.","body":"(1) A payor or collecting bank's authority to accept, pay, or collect an item or to account\nfor proceeds of its collection, if otherwise effective, is not rendered ineffective by\nincompetence of a customer of either bank existing at the time the item is issued  or\nits collection is undertaken if the bank does not know of an adjudication of\nincompetence. Neither death nor incompetence of a customer revokes the authority\nto accept, pay, collect, or account until the bank knows of the fact of death or of an\nadjudication of incompetence and has reasonable opportunity to act on it.\n(2) Even with knowledge, a bank may for ten (10) days after the date of death pay or\ncertify checks drawn on or before that date unless ordered to stop payment by a\nperson claiming an interest in the account.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33548","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:45Z","sha256":"0173b16a32d0c8235576820d19ff2f7bc33828b053333d805b6c7bd97fcd1f5a","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.4-404","next":"us-ky/krs-355.4-406"},"notice":"GroundRules: Original legal text. Not legal advice."}