All funds in possession of such guardian or conservator shall be invested in such securities or other property in which the guardian or conservator has no interest, as allowed by law which investment shall be first approved by the court; except that investments in direct interest-bearing obligations of the United States government or of this state shall be permissible without an order of the court.
Effective: July 1, 1982

Terms Used In Kentucky Statutes 388.310

  • court: means the District Court of the county of the beneficiary's residence. See Kentucky Statutes 388.190
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

History: Amended 1982 Ky. Acts ch. 141, sec. 125, effective July 1, 1982. — Created
1942 Ky. Acts ch. 25, sec. 12.
Note. 1980 Ky. Acts ch. 396, sec. 136 would have amended this section effective July 1,
1982. However 1980 Ky. Acts ch. 396 was repealed by 1982 Ky. Acts ch. 141, sec.
146, also effective July 1, 1982.

  Previous section
Next section  
 Chapter 388 Contents