KRS 386.400: Certificates of ownership -- Liability of beneficial owners.

The beneficial ownership in a business trust shall be evidenced by certificates issued by

the trustees. These certificates shall be transferable in the same manner as stock

certificates of a corporation are transferable. No assessment shall be made against the

interest of any beneficial owner and no beneficial owner shall be personally liable for any

debts or liabilities incurred by the trustees or by the business trust.