KRS 386A.5-010: Management of statutory trust.

(1) The business and affairs of a statutory trust must be managed by or under the

authority of its trustees.

(2) If there is at least one (1) trustee that in the discharge of all obligations under the

governing instrument and this chapter is obligated to consi der the interests of the

trust and all series thereof, the governing instrument may provide that one (1) or

more other trustees, in discharging their obligations, may consider only the interests

of the trust or of one (1) or more series thereof.