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Form a Business

Permissible purposes

KRS 386A.3-030
in effect
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386A.3-030. Permissible purposes (1) Except as otherwise provided in subsection (2) of this section, a statutory trust may have any lawful purpose. (2) A statutory trust may not: (a) Have a predominantly donative purpose; or (b) Be organized for the purpose of rendering a professional service. Effective: July 12, 2012 History: Created 2012 Ky. Acts ch. 81, sec. 18, effective July 12, 2012.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40360Fetched: 10/20/2026

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