{"data":{"id":"us-ky/krs-386a.3-030","jurisdiction":"us-ky","citation":"KRS 386A.3-030","heading":"Permissible purposes.","body":"(1) Except as otherwise provided in subsection (2) of this section, a statutory trust may\nhave any lawful purpose.\n(2) A statutory trust may not:\n(a) Have a predominantly donative purpose; or\n(b) Be organized for the purpose of rendering a professional service.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40360","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:17Z","sha256":"46bb3f107acc8dd7dce5cca2da44e09d3023e637ae9447fc3da918b66bf197f1","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386a.3-020","next":"us-ky/krs-386a.3-040"},"notice":"GroundRules: Original legal text. Not legal advice."}