A foreign business trust transacting business in this Commonwealth is subject to KRS
14A.9-010.

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Terms Used In Kentucky Statutes 386.4422

  • Business trust: includes , except when utilized in KRS Chapter 386, a "statutory trust" as organized under KRS Chapter 386A. See Kentucky Statutes 446.010
  • Foreign: when applied to a corporation, partnership, limited partnership, business trust, statutory trust, or limited liability company, includes all those incorporated or formed by authority of any other state. See Kentucky Statutes 446.010
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.

Effective: June 8, 2011
History: Amended 2011 Ky. Acts ch. 29, sec. 21, effective June 8, 2011. — Repealed and reenacted 2010 Ky. Acts ch. 51, sec. 27, effective July 15, 2010; and ch. 151, sec. 118, effective January 1, 2011. — Created 2007 Ky. Acts ch. 137, sec. 27, effective June 26, 2007.
Legislative Research Commission Note (6/8/2011). 2011 Ky. Acts ch. 29, sec. 24, provides that the amendments to this section in 2011 Ky. Acts ch. 29, sec. 21, are retroactive to January 1, 2011.
Legislative Research Commission Note (1/1/2011). This section was repealed and reenacted without change to the existing language by 2010 Ky. Acts ch. 51, effective
7/15/10, and repealed and reenacted with the new language by 2010 Ky. Acts ch.
151, effective 1/1/2011. Pursuant to Section 184 of Acts ch. 51, it was the intent of the General Assembly that the repeal and reenactment by ch. 51 not serve to void amendments made by other bills, and these Acts do not appear to be in conflict, therefore, they have been codified together.
Legislative Research Commission Note (7/15/2010). 2010 Ky. Acts ch. 51, sec. 183, provides, “The specific textual provisions of Sections 1 to 178 of this Act which reflect amendments made to those sections by 2007 Ky. Acts ch. 137 shall be deemed effective as of June 26, 2007, and those provisions are hereby made expressly retroactive to that date, with the remainder of the text of those sections being unaffected by the provisions of this section.”