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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) On any matter that is to be acted on by trustees:
(a) Each trustee has equal rights in the management and conduct of trust business; and
(b) The trustees act by majority of the trustees.
(2) The trustees may act other than at a meeting of the trustees if the minimum number of trustees necessary to authorize or to take action at a meeting consent in a signed record. Prompt notice of the action taken must be promptly communicated to all trustees.
(3) A trustee may not vote by proxy.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXXIII. Administration of Trusts and Estates of Persons Under Disability § 386A.5-030.Action by trustees - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-xxxiii-administration-of-trusts-and-estates-of-persons-under-disability/ky-rev-st-sect-386a-5-030/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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