Code · Kentucky · Chapter 386 — Administration of trusts -- legal investments -- uniform principal and income act

386.410 Legality of foreign business trust.

47 words·~1 min read·/ky/chapter-386/386-410

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

No beneficial owner of certificates in a foreign business trust shall have his interests therein assessed and no beneficial owner of a foreign trust shall be personally liable for any debts or liabilities incurred by the trustees or by the foreign business trust after June 16, 1966.