{"data":{"id":"us-ky/krs-386a.5-040","jurisdiction":"us-ky","citation":"KRS 386A.5-040","heading":"Protection of person dealing with trustee.","body":"(1) A person that in good faith assists a trustee, or in good faith and for value deals with\na trustee, without knowledge that the trustee is exceeding or improperly exercising\nthe trustee's power, is protected from liability as if the trustee properly exercised the\npower.\n(2) A person that in good faith deals with a trustee need not inquire into the extent of a\ntrustee's power or the propriety of the exercise of the power.\n(3) A person that in good faith delivers property to a trustee need not ensure its prope r\nuse.\n(4) A person that in good faith and without knowledge that the trusteeship has\nterminated assists a former trustee as if the former trustee were still a trustee, or in\ngood faith and for value deals with a former trustee as if the former trustee were still\na trustee, is protected from liability as if the former trustee were still a trustee.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40378","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:18Z","sha256":"02880014c379812fc116fa6fe8928f8cd0b5eddcfe126eb433ab2fb2639bf1a2","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386a.5-030","next":"us-ky/krs-386a.5-050"},"notice":"GroundRules: Original legal text. Not legal advice."}