Definitions for KRS 386.010 to 386.170

KRS § 386.010, under ADMINISTRATION OF TRUSTS -- LEGAL INVESTMENTS -- UNIFORM PRINCIPAL AND INCOME ACT.

KRS § 386.010

As used in KRS 386.010 to 386.170, unless the context requires otherwise: (1) "Fiduciary" means any trustee, guardian, executor, administrator, conservator or other individual or corporation holding funds or otherwise acting in a fiduciary capacity; and (2) "Principal" means any person to whom a fiduciary, as such, owes an obligation.