2016 Kentucky Revised Statutes
CHAPTER 386A - KENTUCKY UNIFORM STATUTORY TRUST ACT (2012)
Subchapter 8 - Dissolution and Winding Up
386A.8-050 Supervision of winding up and liquidation.

KY Rev Stat § 386A.8-050 (2016) What's This?

Download as PDF 386A.8-050 Supervision of winding up and liquidation. (1) (2) Subject to KRS 386A.8-030(3), after dissolution of a statutory trust, the trustee or trustees shall wind up the trust's activities. 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.

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