{"data":{"id":"us-ky/krs-386.380","jurisdiction":"us-ky","citation":"KRS 386.380","heading":"Establishment -- Lawful purposes.","body":"A business trust may be established by a declaration of trusts, duly executed by one (1) or\nmore trustees, for any lawful purpose including, but not limited to, acquiring, managing,\nimproving, leasing, dealing in, selling, or otherwise alienating, mortgagi ng, or otherwise\nencumbering, real and personal property of all kinds and descriptions, including dealing\nin, purchasing, holding, selling and exchanging stocks, bonds, mortgages, deeds of trust\nand other securities of all kinds and descriptions; receiving  the income, dividends, rents,\nprofits, and returns therefrom, and investing same or distributing same to the beneficial\nowners of the trust in accordance with the terms of the declaration of trust.","path":["KRS Chapter 386"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=35888","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:16Z","sha256":"1f57da7300a181e557729e61720e5d225e18b6c48ee25cae2725aef7b7c16be3","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386.370","next":"us-ky/krs-386.382"},"notice":"GroundRules: Original legal text. Not legal advice."}