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KRS 386A.4-080

Right to wind up business and activities of a series

Effective: July 12, 2012 History: Created 2012 Ky

(1) Subject to subsection (2) of this section, after dissolution of a series, the trustees associated with the series, if any, and if none, the trustees of the statutory trust, shall wind up the series's activities.

(2) The appropriate court may order judicial supervision of the winding up of a dissolved series, including the appointment of a person to wind up the series's activities:

(a) On application of a beneficial owner associated with the series, if the applicant establishes good cause; or (b) In connection with a proceeding under KRS 386A.4-060(1)(e).

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