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

386.520 Formation of company -- Approval -- Regulations.

82 words·~1 min read·/ky/chapter-386/386-520

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Four
(4)or more trust institutions may cause a fiduciary investment company or companies to be organized and incorporated, but no trust institution or foreign trust institution may own an interest in more than seven
(7)fiduciary investment companies. A fiduciary investment company shall not begin business except to select an investment advisor, until it is approved by the appropriate supervisory agency. A fiduciary investment company shall be subject to such regulations as its supervisory agency may from time to time prescribe.
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