{"data":{"id":"us-ky/krs-386a.3-050","jurisdiction":"us-ky","citation":"KRS 386A.3-050","heading":"Duration.","body":"(1) A statutory trust has perpetual existence.\n(2) A statutory trust, or any series thereof, may not be terminated or revoked except in\naccordance with this chapter or the terms of the governing instrument.\n(3) A statutory trust does not terminate because the same person is the sole trustee and\nsole beneficial owner.\n(4) A series of a statutory trust does not terminate because the same person is the sole\ntrustee and the sole beneficial owner associated with the series.\n(5) That the same person is the sole trustee and sole beneficial owner of a statutory trust\nor of a series thereof is not a basis for not applying KRS 386A.3-040(3) or (4).\n(6) The death, incapacity, dissolution, termination, or bankruptcy of a beneficial owner\nor of a trustee does not result in the termination or dissolution of the statutory trust\nor any series with which the beneficial owner or trustee has been associated.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=42383","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:17Z","sha256":"c0315cec0824e662b04144069b2bdeb184725b65f8e3a58c53e2916dd0bdab2f","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386a.3-040","next":"us-ky/krs-386a.3-060"},"notice":"GroundRules: Original legal text. Not legal advice."}