KRS 386A.4-090: Known claims against dissolved series.

(1) Upon dissolution pursuant to KRS 386A.4 -060(1)(b), (c), (d), or (e), a series of a

statutory trust shall dispose of the known claims against the property of or

associated with it by following the procedures described in this section.

(2) The series shall n otify its known claimants in writing of its dissolution at any time

after the effective date of dissolution. The written notice shall:

(a) Identify the series by such name or names as it used in transacting business

and the name of the statutory trust;

(b) Describe information that must be included in a claim;

(c) Provide a mailing address where a claim may be sent;

(d) State the deadline, which may not be fewer than one hundred twenty (120)

days after the date of the written notice, by which the series mus t receive the

claim; and

(e) State that the claim will be barred if not received by the deadline.

(3) A claim against a series shall be barred:

(a) If a claimant who is given written notice under subsection (2) of this section

does not deliver the claim to the series by the deadline; or

(b) If a claimant whose claim was rejected by the series does not commence a

proceeding to enforce the claim within ninety (90) days after the date of the

rejection notice.

(4) For purposes of this section, "claim" shall not include a contingent liability or a

claim based on an event occurring after the effective date of dissolution.