{"data":{"id":"us-ky/krs-386.110","jurisdiction":"us-ky","citation":"KRS 386.110","heading":"Transfer of a negotiable instrument by a fiduciary.","body":"If any negotiable instrument payable or endorsed to a fiduciary as such is endorsed by the\nfiduciary, or if any negotiable instrument payable or endorsed to his principal is endorsed\nby a fiduciary empowered to endorse the instrument on behalf of his princ ipal, the\nendorsee is not bound to inquire whether the fiduciary is committing a breach of his\nobligation as fiduciary in endorsing or delivering the instrument, and is not chargeable\nwith notice that the fiduciary is committing a breach of his obligation as fiduciary, unless\nhe takes the instrument with actual knowledge of the breach or with knowledge of such\nfacts that his action in taking the instrument amounts to bad faith.","path":["KRS Chapter 386"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=35839","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:15Z","sha256":"5f45e005b14f15932b512107369b3a297bf572512aa4232d5be87e7a74c015f3","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386.100","next":"us-ky/krs-386.120"},"notice":"GroundRules: Original legal text. Not legal advice."}