Kentucky Statutes 386A.4-080 – Right to wind up business and activities of a series
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(1) Subject to subsection (2) of this section, after dissolution of a series, the trustees associated with the series, if any, and if none, the trustees of the statutory trust, shall wind up the series’s activities.
(2) The appropriate court may order judicial supervision of the winding up of a dissolved series, including the appointment of a person to wind up the series’s activities:
(a) On application of a beneficial owner associated with the series, if the applicant establishes good cause; or
(b) In connection with a proceeding under KRS § 386A.4-060(1)(e).
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 81, sec. 29, effective July 12, 2012.
(2) The appropriate court may order judicial supervision of the winding up of a dissolved series, including the appointment of a person to wind up the series’s activities:
Terms Used In Kentucky Statutes 386A.4-080
- Owner: when applied to any animal, means any person having a property interest in such animal. See Kentucky Statutes 446.010
(a) On application of a beneficial owner associated with the series, if the applicant establishes good cause; or
(b) In connection with a proceeding under KRS § 386A.4-060(1)(e).
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 81, sec. 29, effective July 12, 2012.