§ 457.010 Short title
§ 457.020 Definitions for chapter
§ 457.030 Applicability
§ 457.040 Power of attorney is durable
§ 457.050 Execution of power of attorney
§ 457.060 Validity of power of attorney
§ 457.070 Meaning and effect of power of attorney
§ 457.080 Nomination of conservator or guardian — Relation of agent to court-appointed fiduciary
§ 457.090 When power of attorney effective
§ 457.100 Termination of power of attorney or agent’s authority
§ 457.110 Coagents and successor agents
§ 457.120 Reimbursement and compensation of agent
§ 457.130 Agent’s acceptance
§ 457.140 Agent’s duties
§ 457.150 Exoneration of agent
§ 457.160 Judicial relief
§ 457.170 Agent’s liability
§ 457.180 Agent’s resignation — Notice
§ 457.190 Acceptance of and reliance upon acknowledged power of attorney
§ 457.200 Liability for refusal to accept acknowledged power of attorney
§ 457.210 Principles of law and equity
§ 457.220 Laws applicable to financial institutions and entities
§ 457.230 Remedies under other law
§ 457.240 Uniformity of application and construction
§ 457.250 Relation to federal Electronic Signatures in Global and National Commerce Act
§ 457.260 Effect on existing powers of attorney

Terms Used In Kentucky Statutes > Chapter 457

  • Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
  • Agent: means a person granted authority to act for a principal under a power of attorney, whether denominated an agent, attorney-in-fact, or otherwise. See Kentucky Statutes 457.020
  • Attorney: means attorney-at-law. See Kentucky Statutes 446.010
  • Attorney-at-law: A person who is legally qualified and licensed to practice law, and to represent and act for clients in legal proceedings.
  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Business trust: includes , except when utilized in KRS Chapter 386, a "statutory trust" as organized under KRS Chapter 386A. See Kentucky Statutes 446.010
  • Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
  • Corporation: may extend and be applied to any corporation, company, partnership, joint stock company, or association. See Kentucky Statutes 446.010
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Electronic: means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities. See Kentucky Statutes 457.020
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Federal: refers to the United States. See Kentucky Statutes 446.010
  • Fiduciary: A trustee, executor, or administrator.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Good faith: means honesty in fact. See Kentucky Statutes 457.020
  • 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.
  • Incapacity: means inability of an individual to manage property or business affairs because the individual:
    (a) Has an impairment in the ability to receive and evaluate information or make or communicate decisions even with the use of technological assistance. See Kentucky Statutes 457.020
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Partnership: includes both general and limited partnerships. See Kentucky Statutes 446.010
  • Person: means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, public corporation, government or governmental subdivision, agency, or instrumentality, or any other legal or commercial entity. See Kentucky Statutes 457.020
  • Power of attorney: means a writing or other record that grants authority to an agent to act in the place of the principal, whether or not the term power of attorney is used. See Kentucky Statutes 457.020
  • Principal: means an individual who grants authority to an agent in a power of attorney. See Kentucky Statutes 457.020
  • Property: means anything that may be the subject of ownership, whether real or personal, or legal or equitable, or any interest or right therein. See Kentucky Statutes 457.020
  • Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. See Kentucky Statutes 457.020
  • Sign: means , with present intent to authenticate or adopt a record: (a) To execute or adopt a tangible symbol. See Kentucky Statutes 457.020
  • State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See Kentucky Statutes 457.020
  • Statute: A law passed by a legislature.