Statutes, codes, and regulations
Kentucky Revised Statutes
Title 33 - ADMINISTRATION OF TRUSTS AND ESTATESChapter 386 - ADMINISTRATION OF TRUSTS - LEGAL INVESTMENTS - UNIFORM PRINCIPAL AND INCOME ACT
BUSINESS TRUSTS
Section 386.410 - Legality of foreign business trust

Ky. Rev. Stat. § 386.410

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Current through 2024 Ky. Acts ch. 225
Section 386.410 - Legality of foreign business trust

No beneficial owner of certificates in a foreign business trust shall have his interests therein assessed and no beneficial owner of a foreign trust shall be personally liable for any debts or liabilities incurred by the trustees or by the foreign business trust after June 16, 1966.

KRS 386.410

Effective:7/15/2010
Repealed and reenacted 2010, Ky. Acts ch. 51, sec. 165, effective7/15/2010. -- Amended 2007, Ky. Acts ch. 137, sec. 165, effective 6/26/2007. --Created 1966 Ky. Acts ch. 19, sec. 5.