{"data":{"id":"us-ky/krs-386.400","jurisdiction":"us-ky","citation":"KRS 386.400","heading":"Certificates of ownership -- Liability of beneficial owners.","body":"The beneficial ownership in a business trust shall be evidenced by certificates issued by\nthe trustees. These certificates shall be transferable in the same manner as stock\ncertificates of a corporation are transferable. No assessment shall be made against  the\ninterest of any beneficial owner and no beneficial owner shall be personally liable for any\ndebts or liabilities incurred by the trustees or by the business trust.","path":["KRS Chapter 386"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=35895","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:16Z","sha256":"0343ea341facbcdc25e21582379922a73a0802d46e9491a64644c98747fe2424","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386.392","next":"us-ky/krs-386.410"},"notice":"GroundRules: Original legal text. Not legal advice."}