KRS 386A.3-020: Statutory trust as entity.

(1) A statutory trust is a legal entity distinct from its trustees and beneficial owners.

(2) A statutory trust may hold or take title to property in its own name, or in the name

of a trustee in the trustee's capacity as trustee, whether in an active, passive, or

custodial capacity.

(3) Property transferred to or otherwise acquired by a statutory trust shall be the

property of the trust and not of the beneficial owners or of the trustees. A creditor of

a beneficial owner or trustee may not obtain possession of, or otherwise exercise

legal or equitable remedies with respect to, the property of a statutory trust or the

property of or associated with any series thereof.

(4) The property of a statutory trust is not subject to KRS 381.135(1)(a)1.