KRS 386A.3-040: Statutory trust's liability.

(1) A debt, obligation, or other liability of a statutory trust is solely a debt, obligation,

or other liability of the trust.

(2) A debt, obligation, or other liability incurred by or otherwise existing with respect

to the property of or associated with a particular series of a statutory trust is solely a

debt, obligation, or liability of the particular series for which there is recourse

against only the property of or associated with the particular series.

(3) A person is not personally liable, directly or in directly, by way of indemnification,

contribution, assessment, or otherwise, for a debt, obligation, or other liability of the

statutory trust solely by reason of being or acting as a trustee, beneficial owner,

agent of the trust, or agent of the trustee.

(4) A person is not personally liable, directly or indirectly, by way of indemnification,

contribution, assessment, or otherwise, for a debt, obligation, or other liability of a

series or against the property of or associated with a series of a statutory t rust by

reason of being associated with a series as a beneficial owner, trustee, agent of the

series, or agent of the trustee.

(5) The property of a statutory trust not associated with a series is subject to attachment

and execution to satisfy a debt, obli gation, or other liability of the trust. The

property of a statutory trust associated with a series is subject to attachment and

execution to satisfy a debt, obligation, or other liability incurred by or with respect

to the property associated with that se ries. The property of a series is subject to

attachment and execution to satisfy a debt, obligation, or other liability incurred by

or with respect to the property associated with that series.

(6) Subsections (3) and (4) of this section shall not affect th e liability of any person for

his or her own negligence, wrongful acts, or misconduct.