386A.3 -030 Permissible purposes. (1) Except as otherwise provided in subsection (2) of this section, a statutory trust may have any lawful purpose. (2) A statutory trust may not: (a) Have a predominantly donative purpose; or (b) Be organized for the purpose of rendering a professional service . Effective: July 12, 2012 History: Created 2012 Ky. Acts ch. 81, sec. 18, effective July 12, 2012.
Kentucky Legal Code