KRS 386A.5-100: Direction of trustees.
Where this section sits in the code
(1) The governing instrument may authorize any person, including a beneficial owner,
to direct a trustee or other person in the management of a statutory trust.
(2) If the governing instrument confers on a person a power to direct actions by a
trustee or other person, the trustee or other person shall act in accordance with a
direction given, unless the direction is contrary to the terms of the governing
instrument or the trustee or other person knows or has reason to know that
following the direction would constitute a breach of fiduciary duty.
Collected 2026-09-05T20:59:18Z. Source file · JSON