{"data":{"id":"us-ky/krs-386a.1-050","jurisdiction":"us-ky","citation":"KRS 386A.1-050","heading":"Applicability of trust and other law.","body":"(1) The law of this Commonwealth pertaining to common -law trusts supplements this\nchapter.\n(2) A governing instrument may supersede or modify application to the statutory trust\nof any law of this Commonwealth pertaining to common-law trusts.\n(3) Unless displaced by particular provisions of this chapter, the principles of law and\nequity supplement this chapter.\n(4) Although this chapter is in derogation of common law, the rule of construction\nrequiring strict construction of statutes which are in derogation of c ommon law\nshall not apply to its provisions.\n(5) Each statutory trust and each foreign statutory trust is subject to KRS Chapter 14A.\n(6) If an obligation to pay interest arises under this chapter and the rate is not specified,\nthe rate is that specified in KRS 360.010.\n(7) For purposes of KRS 141.0401, each statutory trust and foreign statutory trust and\neach series of a series trust or of a foreign series trust shall be treated as a limited\nliability pass-through entity.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40347","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:17Z","sha256":"25bde0fcb0e4956f8dc31dc60f826eabbf13db65f9730181879e403904e6dbce","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386a.1-040","next":"us-ky/krs-386a.1-060"},"notice":"GroundRules: Original legal text. Not legal advice."}