If a fiduciary neglects or refuses to file an inventory or account when due according to law, or when ordered by the court, the court shall notify the fiduciary of his delinquency and fix a date when such inventory or account must be filed. Unless there is pending in the circuit court a suit to settle the estate such neglect or refusal shall be grounds for removal by the court. If the fiduciary fails to file such account within thirty days after the date fixed in said notice, no allowance shall be made for his services unless the court enters upon its minutes an order that such delay was justified.
History: Created 1942 Ky. Acts ch. 167, sec. 12.

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Terms Used In Kentucky Statutes 395.255

  • Fiduciary: A trustee, executor, or administrator.
  • fiduciary: as used in this chapter :
    (1) Means any person, association, or corporation meeting the requirements of KRS
    395. See Kentucky Statutes 395.001