{"data":{"id":"us-ky/krs-397.1001","jurisdiction":"us-ky","citation":"KRS 397.1001","heading":"Definitions for chapter.","body":"As used in this chapter, unless the context requires otherwise:\n(1) \"Co-owners with right of survivorship\" means and includes joint tenants, tenants by\nthe entireties, and other co-owners of property or accounts held under circumstances\nthat entitle one (1 ) or more to the whole of the property or account on the death of\nthe other or others;\n(2) \"Governing instrument\" means a deed, will, trust, insurance or annuity policy,\naccount with payment on death (POD) designation, pension, profit -sharing,\nretirement, or similar benefit plan, instrument creating or exercising a power of\nappointment or a power of attorney, or a donative, appointive, or nominative\ninstrument of any other type; and\n(3) \"Payor\" means a trustee, insurer, business entity, employer, government ,\ngovernmental agency, subdivision, or instrumentality, or any other person\nauthorized or obligated by law or a governing instrument to make payments.","path":["KRS Chapter 397"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=36451","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:28Z","sha256":"0fef97fe578cf37196f8f104511927121a8d3d5e52f6564f1cd6da10e2569b54","source_id":"us-ky","stale":false,"prev":"us-ky/krs-397.080","next":"us-ky/krs-397.1002"},"notice":"GroundRules: Original legal text. Not legal advice."}