Governing law
KRS 386A.3-010
in effect386A.3-010. Governing law
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.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 81, sec. 16, effective July 12, 2012.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40358Fetched: 10/20/2026