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Kentucky Revised Statutes Title XXXIV. Descent, Wills, and Administration of Decedents' Estates § 393A.310.Definition of good faith

Current as of January 01, 2024 | Updated by FindLaw Staff

In KRS 393A.310 to 393A.390, payment or delivery of property shall be made in good faith if a holder:

(1) Had a reasonable basis for believing, based on the facts then known, that the property was required or permitted to be paid or delivered to the administrator under this chapter; or

(2) Made payment or delivery:

(a) In response to a demand by the administrator or administrator's agent; or

(b) Under a guidance or ruling issued by the administrator which the holder reasonably believed required or permitted the property to be paid or delivered.

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXXIV. Descent, Wills, and Administration of Decedents' Estates § 393A.310.Definition of good faith - last updated January 01, 2024 | https://codes.findlaw.com/ky/title-xxxiv-descent-wills-and-administration-of-decedents-estates/ky-rev-st-sect-393a-310/

Read this complete Kentucky Revised Statutes Title XXXIV. Descent, Wills, and Administration of Decedents' Estates § 393A.310.Definition of good faith on Westlaw. Westlaw subscription required.

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