KRS 386.603: Qualified affidavit requirements.

A qualified affidavit shall state that:

(1) The transferor has full right, title, and authority to transfer the assets to the trust;

(2) The transfer of the assets to the trust will not render the transferor insolvent;

(3) The transferor does not intend to defraud a creditor by transferring the asse ts to the

trust;

(4) The transferor does not have any pending or threatened court actions against the

transferor, except for those court actions identified by the transferor on an

attachment to the affidavit;

(5) The transferor is not involved in any admin istrative proceedings, except for those

administrative proceedings identified on an attachment to the affidavit;

(6) The transferor does not contemplate filing for relief under the federal bankruptcy

code; and

(7) The assets being transferred to the trust were not derived from unlawful activities.