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Form a Business

Formation of company -- Approval -- Regulations

KRS 386.520
in effect
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386.520. Formation of company -- Approval -- Regulations Four (4) or more trust institutions may cause a fiduciary investment company or companies to be organized and incorporated, but no trust institution or foreign trust institution may own an interest in more than seven (7) fiduciary investment companies. A fiduciary investment company shall not begin business except to select an investment advisor, until it is approved by the appropriate supervisory agency. A fiduciary investment company shall be subject to such regulations as its supervisory agency may from time to time prescribe. History: Created 1974 Ky. Acts ch. 300, sec. 3.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=35946Fetched: 10/20/2026

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