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KRS 386A.3-010

Governing law

Effective: July 12, 2012 History: Created 2012 Ky

The laws of this Commonwealth govern the internal affairs of a statutory trust including:

(1) The liability of a beneficial owner as beneficial owner and a trustee as trustee for a debt, obligation, or other liability of a statutory trust or a series thereof;

(2) The enforceability of a debt, obligation, or other liability of the statutory trust against the property of the trust;

(3) The enforceability of a debt, obligation, or other liability of a series of a statutory trust, including recourse against the property of or associated with a series; and (4) The inspection of the books and records of the statutory trust.

Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.