§ 386a-3-010

386A.3 -010 Governing law. The laws of this Commonwealth govern the internal affairs of a statutory trust including: (1) The liability of a beneficial owner as beneficial owner and a trustee as trustee for a debt, obligation, or other liability of a statutory trust or a series there of; (2) The enforceability of a debt, obligation, or other liability of the statutory trust against the property of the trust; (3) The enforceability of a debt, obligation, or other liability of a series of a statutory trust, including recourse against the property of or associated with a series; and (4) The inspection of the books and records of the statutory trust. Effective: July 12, 2012 History: Created 2012 Ky. Acts ch. 81, sec. 16, effective July 12, 2012.