386A.8 -050 Supervision of winding up and liquidation. (1) Subject to KRS 386A.8 -030(3), after dissolution of a statutory trust, the trustee or trustees shall wind up the trust's activities. (2) The appropriate court may order judicial supervision of the winding up of a statutory trust, including the appointment o f a person to wind up the trust's activities: (a) On application of a beneficial owner, if the applicant establishes good cause; or (b) In connection with a proceeding under KRS 386A.8 -030. Effective: July 12, 2012 History: Created 2012 Ky. Acts ch. 81, se c. 68, effective July 12, 2012.
Kentucky Legal Code