{"data":{"id":"us-ky/krs-386.4420","jurisdiction":"us-ky","citation":"KRS 386.4420","heading":"Laws governing foreign business trust.","body":"(1) Subject to the Constitution of this Commonwealth:\n(a) Except as provided in subsection (2) of this section, the laws of the state or\nother jurisdiction under which a foreign business trust is organized shall\ngovern its organization and internal affairs, in cluding the liability of its\ntrustees and beneficial owners for the debts and obligations of the business\ntrust and the inspection by a trustee or a beneficial owner of the books and\nrecords of the business trust; and\n(b) A foreign business trust shall not  be denied registration by reason of any\ndifference between the laws of another jurisdiction under which a foreign\nbusiness trust is organized and the laws of this Commonwealth.\n(2) A certificate of authority obtained pursuant to this chapter shall not aut horize a\nforeign business trust to exercise any powers or engage in any business that a\ndomestic business trust is forbidden to exercise or engage in by the laws of this\nCommonwealth.","path":["KRS Chapter 386"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=35902","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:16Z","sha256":"45e2271d08284b62baf98fd20741e4c2e399fa952915cf467f65cb254523bfb8","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386.441","next":"us-ky/krs-386.4422"},"notice":"GroundRules: Original legal text. Not legal advice."}