Representation and binding of another

(1) Notice to a person with authority to represent and bind another person under a first- trust instrument or the provisions of this chapter has the same effect as notice given directly to the person represented. (2) Consent of or waiver by a person with authority to represent and bind another person under a first-trust instrument or the provisions of this chapter is binding on the person represented unless the person represented objects to the representation before the consent or waiver otherwise would become effective. (3) A person with authority to represent and bind another person under a first-trust instrument or the provisions of this chapter may file an application under KRS 386B.13-080 on behalf of the person represented. (4) A settlor may not bind or represent a beneficiary under KRS 386B.13-010 to 386B.13-280.