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5 chapters · 371 sections in this title.
KRS § 385.012 Definitions
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As used in KRS 385.022 to 385.222: (1) "Adult" means an individual who has attained the age of eighteen (18) years; (2) "Benefit plan" means an employer's plan for the benefit of an employee or partner; (3) "Broker" means a person lawfully engaged in the business of effecting tra…
KRS § 385.022 Scope and jurisdiction
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(1) KRS 385.012 to 385.222 apply to a transfer that refers to KRS 385.032 to 385.222 in the designation under KRS 385.092(1) by which the transfer is made if at the time of the transfer, the transferor, the minor, or the custodian is a resident of this state or the custodial prop…
KRS § 385.032 Nomination of custodian
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(1) A person having the right to designate the recipient of property transferable upon the occurrence of a future event may revocably nominate a custodian to receive the property for a minor beneficiary upon the occurrence of the event by naming the custodian followed in substanc…
KRS § 385.042 Transfer by irrevocable gift or exercise of power of appointment
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A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to KRS 385.092.