{"data":{"id":"us-ky/krs-386.430","jurisdiction":"us-ky","citation":"KRS 386.430","heading":"Duration of business trust -- Rules against perpetuities and restraint of","body":"alienation not violated.\nA business trust shall not be deemed invalid as violating the rule against perpetuities or\nthe law against suspension of the powers of alienation. Such trust may continue for such\ntime as may be necessary to accomplish the purposes for which it may be created,\nprovided the declaration of trust contains a provision that such trust may be terminated at\nany time by action of the trustees or by the vote of a specified percentage in interest of the\nbeneficial owners thereof as set forth in the declaration of trust.","path":["KRS Chapter 386"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=35898","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:16Z","sha256":"0b173cdb361d1340a1d40c8023aade761f71a4cddd7d3d6dcb747846b3670fe1","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386.420","next":"us-ky/krs-386.432"},"notice":"GroundRules: Original legal text. Not legal advice."}