Public-domain · open source
OpenJurist

KRS 386A.8-050

Supervision of winding up and liquidation

Effective: July 12, 2012 History: Created 2012 Ky

(1) Subject to KRS 386A.8-030(3), after dissolution of a statutory trust, the trustee or trustees shall wind up the trust's activities.

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

(a) On application of a beneficial owner, if the applicant establishes good cause; or (b) In connection with a proceeding under KRS 386A.8-030.

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