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Limitation of action against trust director

KRS 386B.12-120
in effect
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386B.12-120. Limitation of action against trust director (1) An action against a trust director for breach of trust shall be commenced within the same limitation period as under KRS 386B.10-050 for an action for breach of trust against a trustee in a like position and under similar circumstances. (2) A report or accounting has the same effect on the limitation period for an action against a trust director for breach of trust that the report or accounting would have under KRS 386B.10-050 in an action for breach of trust against a trustee in a like position and under similar circumstances. Effective: July 15, 2026 History: Created 2026 Ky. Acts ch. 134, sec. 81, effective July 15, 2026.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=57744Fetched: 10/20/2026

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