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Kentucky Revised Statutes Title XXXIII. Administration of Trusts and Estates of Persons Under Disability § 386A.4-080.Right to wind up business and activities of a series

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) Subject to subsection (2) of this section, after dissolution of a series, the trustees associated with the series, if any, and if none, the trustees of the statutory trust, shall wind up the series's activities.

(2) The appropriate court may order judicial supervision of the winding up of a dissolved series, including the appointment of a person to wind up the series's activities:

(a) On application of a beneficial owner associated with the series, if the applicant establishes good cause; or

(b) In connection with a proceeding under KRS 386A.4-060(1)(e).

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Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXXIII. Administration of Trusts and Estates of Persons Under Disability § 386A.4-080.Right to wind up business and activities of a series - last updated January 01, 2025 | https://codes.findlaw.com/ky/title-xxxiii-administration-of-trusts-and-estates-of-persons-under-disability/ky-rev-st-sect-386a-4-080/

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