KRS 386.607: Powers and rights of transferor.
Where this section sits in the code
- KRS Chapter 386
A transferor shall only have the powers and rights conferred by the qualified trust. The
powers and rights conferred by the qualified trust upon the transferor are personal powers
and rights that may not be exercised by a creditor or any other person, except as expressly
permitted by the trust. Except as permitted by KRS 386.613 and 386.617, the transferor
shall have no rights or authority with respect to the corpus of the qualified trust or the
income from the trust, and any agreement or understanding purp orting to grant or permit
the retention of any greater rights or authority shall be void.
Collected 2026-09-05T20:59:17Z. Source file · JSON