2006 Kentucky Revised Statutes - .440   How business trust sued.

386.440 How business trust sued. (1) A business trust may be sued for debts and other obligations incurred by the trustees in the performance of their duties under the declaration of trust, and for any damages resulting from the negligence of such trustees and its property shall be subject to attachment and execution in like manner as if it were a corporation. (2) Any foreign business trust doing business in this state must file with the Secretary of State of the Commonwealth of Kentucky the name of its agent in this state upon whom process may be served in any civil action instituted in the courts of this state. History: Created 1966 Ky. Acts ch. 19, sec. 8.