KRS 386B.1-080: Others treated as qualified beneficiaries.
Where this section sits in the code
(1) A charitable organization expressly designated to receive distributions under the
terms of a charitable trust has the rights of a qualified beneficiary under this chapter
if the charitable organization, on the date the charitable organization's qualificati on
is being determined:
(a) Is a distributee or permissible distributee of trust income or principal;
(b) Would be a distributee or permissible distributee of trust income or principal
on the termination of the interests of other distributees or permissibl e
distributes then receiving or eligible to receive distributions; or
(c) Would be a distributee or permissible distributee of trust income or principal
if the trust ended on that date.
(2) A person appointed to enforce a trust established for the care of an animal or
another noncharitable purpose under KRS 386B.4-080 or 386B.4-090, has the rights
of a qualified beneficiary under this chapter.
(3) Other than those listed in KRS 386B.7-060, the Attorney General has the rights of a
qualified beneficiary with respect to a charitable trust governed by this chapter.
Collected 2026-09-05T20:59:18Z. Source file · JSON