{"data":{"id":"us-ky/krs-386.603","jurisdiction":"us-ky","citation":"KRS 386.603","heading":"Qualified affidavit requirements.","body":"A qualified affidavit shall state that:\n(1) The transferor has full right, title, and authority to transfer the assets to the trust;\n(2) The transfer of the assets to the trust will not render the transferor insolvent;\n(3) The transferor does not intend to defraud a creditor by transferring the asse ts to the\ntrust;\n(4) The transferor does not have any pending or threatened court actions against the\ntransferor, except for those court actions identified by the transferor on an\nattachment to the affidavit;\n(5) The transferor is not involved in any admin istrative proceedings, except for those\nadministrative proceedings identified on an attachment to the affidavit;\n(6) The transferor does not contemplate filing for relief under the federal bankruptcy\ncode; and\n(7) The assets being transferred to the trust were not derived from unlawful activities.","path":["KRS Chapter 386"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=57723","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:17Z","sha256":"6aecb9a62ca17263981070f94f6d4ed5eb73d3e796bda722db0396375a89f05f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386.601","next":"us-ky/krs-386.605"},"notice":"GroundRules: Original legal text. Not legal advice."}