Kentucky Statutes 395.155 – Computation of personal representative’s commission
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For the purpose of computing commissions whenever any portion of the dividends, interests, rents or other amounts payable to an executor, administrator, trustee, guardian, conservator, curator or other personal representative or fiduciary is required by any law of the United States or other governmental unit to be withheld for income tax purposes by the person, corporation, organization or governmental unit paying the same, the amount so withheld shall be deemed to have been collected.
Effective: July 1, 1982
History: Amended 1982 Ky. Acts ch. 141, sec. 108, effective July 1, 1982. — Amended
1980 Ky. Acts ch. 396, sec. 121. — Created 1962 Ky. Acts ch. 149, sec. 1.
Note: 1980 Ky. Acts ch. 396, sec. 121 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 Acts ch. 396 was repealed by 1982 Ky.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.
Effective: July 1, 1982
Terms Used In Kentucky Statutes 395.155
- Executor: A male person named in a will to carry out the decedent
- 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.
- Trustee: A person or institution holding and administering property in trust.
History: Amended 1982 Ky. Acts ch. 141, sec. 108, effective July 1, 1982. — Amended
1980 Ky. Acts ch. 396, sec. 121. — Created 1962 Ky. Acts ch. 149, sec. 1.
Note: 1980 Ky. Acts ch. 396, sec. 121 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 Acts ch. 396 was repealed by 1982 Ky.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.