There is a newer version of this Section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.4 - Series
386A.4-090 Known claims against dissolved series.

Universal Citation: KY Rev Stat § 386A.4-090 (2021)
Previous Next

Download as PDF
386A.4-090 Known claims against dissolved series. (1) (2) (3) (4) Upon dissolution pursuant to KRS 386A.4-060(1)(b), (c), (d), or (e), a series of a statutory trust shall dispose of the known claims against the property of or associated with it by following the procedures described in this section. The series shall notify its known claimants in writing of its dissolution at any time after the effective date of dissolution. The written notice shall: (a) Identify the series by such name or names as it used in transacting business and the name of the statutory trust; (b) Describe information that must be included in a claim; (c) Provide a mailing address where a claim may be sent; (d) State the deadline, which may not be fewer than one hundred twenty (120) days after the date of the written notice, by which the series must receive the claim; and (e) State that the claim will be barred if not received by the deadline. A claim against a series shall be barred: (a) If a claimant who is given written notice under subsection (2) of this section does not deliver the claim to the series by the deadline; or (b) If a claimant whose claim was rejected by the series does not commence a proceeding to enforce the claim within ninety (90) days after the date of the rejection notice. For purposes of this section, "claim" shall not include a contingent liability or a claim based on an event occurring after the effective date of dissolution. Effective: July 12, 2012 History: Created 2012 Ky. Acts ch. 81, sec. 30, effective July 12, 2012.
Previous Next
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.