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Supervision of winding up and liquidation

KRS 386A.8-050
in effect
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386A.8-050. Supervision of winding up and liquidation (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. Effective: July 12, 2012 History: Created 2012 Ky. Acts ch. 81, sec. 68, effective July 12, 2012.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40410Fetched: 10/20/2026

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