{"data":{"id":"us-ky/krs-386a.3-060","jurisdiction":"us-ky","citation":"KRS 386A.3-060","heading":"Power to sue and be sued.","body":"(1) A statutory trust may sue and be sued in its own name.\n(2) A beneficial owner or a trustee of a statutory trust shall not be a proper party to a\nproceeding by or against a statutory trust solely by reason of being a beneficial\nowner or trustee of the statu tory trust except if the object of the proceeding is to\nenforce a beneficial owner's or trustee's right against or liability to the statutory trust\nor as otherwise provided in a governing instrument.\n(3) A beneficial owner or a trustee of a statutory trust  shall not be a proper party to a\nproceeding by or against a series or the property associated therewith solely by\nreason of being a beneficial owner or trustee associated with the series except if the\nobject of the proceeding is to enforce a beneficial ow ner's or trustee's right against\nor liability to the series or as otherwise provided in a governing instrument.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40363","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:17Z","sha256":"958898003df31565623d8a9eef4c51d02807fc51fc7179eaadcea0373c686ea5","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386a.3-050","next":"us-ky/krs-386a.4-010"},"notice":"GroundRules: Original legal text. Not legal advice."}