2009 Kentucky Revised Statutes CHAPTER 386 ADMINISTRATION OF TRUSTS -- LEGAL INVESTMENTS -- UNIFORM PRINCIPAL AND INCOME ACT 386.4430 Effect of certificate of authority for foreign business trust. (Repealed, effective January 1, 2011)
Page 1 of 1
386.4430 Effect of certificate of authority for foreign business trust. (Repealed,
effective January 1, 2011)
(1) A certificate of authority shall authorize the foreign business trust to which it is
issued to transact business in this Commonwealth subject to the right of the <br>Commonwealth to revoke the certificate as provided in this chapter.
(2) A foreign business trust with a valid certificate of authority shall have the same but
no greater rights as, and shall have the same but no greater privileges as, and except <br>as otherwise provided by this chapter shall be subject to the same duties, <br>restrictions, penalties, and liabilities now or later imposed on, a domestic business <br>trust.
(3) This chapter shall not authorize this Commonwealth to regulate the organization or
internal affairs of a foreign business trust authorized to transact business in this <br>Commonwealth.
Effective: July 15, 2010 <br>History: Repealed and reenacted 2010 Ky. Acts ch. 51, sec. 31, effective July 15, 2010;
and repealed ch. 151, sec. 151, effective January 1, 2011. -- Created 2007 Ky. Acts <br>ch. 137, sec. 31, effective June 26, 2007.
Legislative Research Commission Note (7/15/2010). 2010 Ky. Acts ch. 51, sec. 183,
provides, "The specific textual provisions of Sections 1 to 178 of this Act which <br>reflect amendments made to those sections by 2007 Ky. Acts ch. 137 shall be deemed <br>effective as of June 26, 2007, and those provisions are hereby made expressly <br>retroactive to that date, with the remainder of the text of those sections being <br>unaffected by the provisions of this section."
Legislative Research Commission Note (1/1/2011). 2010 Ky. Acts ch. 151, sec. 151,
has repealed this statute effective January 1, 2011.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
