KRS 386A.5-020: Trustee powers.

(1) A trustee may exercise:

(a) Powers conferred by the governing instrument;

(b) Except as limited by the governing instrument, any other powers necessary or

convenient to carry out the business and affairs of the statutory trust; and

(c) Other powers conferred by this chapter.

(2) Every trustee of a statutory trust, by acceptance of election or appointment as a

trustee, including by service, shall be deemed thereby to have consented to the

jurisdiction of the courts of the Commonwealth of Kentucky for any action by the

statutory trust or a beneficial owner against the trustee.