390.380 Application to existing relationships. (1) Except as otherwise provided in this chapter, on and after July 15, 2020: (a) This chapter applies to a power of appointment created before, on, or after July 15, 2020; (b) This chapter applies to a judicial proceeding concerning a power of appointment com menced on or after July 15, 2020; (c) This chapter applies to a judicial proceeding concerning a power of appointment commenced before July 15, 2020, unless the court finds that application of a particular provision of this chapter would substantially interfere with the effective conduct of the judicial proceeding or prejudice a right of a party, in which case the particular provision of this chapter does not apply and the superseded law applies; (d) A rule of construction or presumption provided in this ch apter applies to an instrument executed before July 15, 2020, unless there is a clear indication of a contrary intent in the terms of the instrument; and (e) An act done before July 15, 2020, is not affected by this chapter. (2) If a right is acquired, ext inguished, or barred on the expiration of a prescribed period that commenced under law of the Commonwealth other than e July 15, 2020, is not affected by this chapter. (2) If a right is acquired, ext inguished, or barred on the expiration of a prescribed period that commenced under law of the Commonwealth other than this chapter, before July 15, 2020, the law continues to apply to the right. Effective: July 15, 2020 History: Created 2020 Ky. Acts ch. 4 1, sec. 36, effective July 15, 2020.
Kentucky Legal Code