There is a newer version of this Section
2022
2021 (you are here)
2020
2019
2018
Other previous versions
View our newest version here

2021 Kentucky Revised Statutes
Chapter 386A - Kentucky uniform statutory trust act (2012)
Subchapter 386A.3 - Governing Law -- Authorizations -- Duration -- Powers
386A.3-060 Power to sue and be sued.

Universal Citation: KY Rev Stat § 386A.3-060 (2021)
Previous

Download as PDF
386A.3-060 Power to sue and be sued. (1) (2) (3) A statutory trust may sue and be sued in its own name. A beneficial owner or a trustee of a statutory trust shall not be a proper party to a proceeding by or against a statutory trust solely by reason of being a beneficial owner or trustee of the statutory trust except if the object of the proceeding is to enforce a beneficial owner's or trustee's right against or liability to the statutory trust or as otherwise provided in a governing instrument. A beneficial owner or a trustee of a statutory trust shall not be a proper party to a proceeding by or against a series or the property associated therewith solely by reason of being a beneficial owner or trustee associated with the series except if the object of the proceeding is to enforce a beneficial owner's or trustee's right against or liability to the series or as otherwise provided in a governing instrument. Effective: July 12, 2012 History: Created 2012 Ky. Acts ch. 81, sec. 21, effective July 12, 2012.
Previous
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.