KRS 386A.3-060: Power to sue and be sued.

(1) A statutory trust may sue and be sued in its own name.

(2) A beneficial owner or a trustee of a statutory trust shall not be a proper party to a

proceeding by or against a statutory trust solely by reason of being a beneficial

owner or trustee of the statu tory trust except if the object of the proceeding is to

enforce a beneficial owner's or trustee's right against or liability to the statutory trust

or as otherwise provided in a governing instrument.

(3) A beneficial owner or a trustee of a statutory trust shall not be a proper party to a

proceeding by or against a series or the property associated therewith solely by

reason of being a beneficial owner or trustee associated with the series except if the

object of the proceeding is to enforce a beneficial ow ner's or trustee's right against

or liability to the series or as otherwise provided in a governing instrument.