{"data":{"id":"us-ky/krs-386a.5-020","jurisdiction":"us-ky","citation":"KRS 386A.5-020","heading":"Trustee powers.","body":"(1) A trustee may exercise:\n(a) Powers conferred by the governing instrument;\n(b) Except as limited by the governing instrument, any other powers necessary or\nconvenient to carry out the business and affairs of the statutory trust; and\n(c) Other powers conferred by this chapter.\n(2) Every trustee of a statutory trust, by acceptance of election or appointment as a\ntrustee, including by service, shall be deemed thereby to have consented to the\njurisdiction of the courts of the Commonwealth of Kentucky for any action by the\nstatutory trust or a beneficial owner against the trustee.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40376","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:18Z","sha256":"d9283b3225515763d6820031b1df1669a40d28e14848983343f2805cc0afb422","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386a.5-010","next":"us-ky/krs-386a.5-030"},"notice":"GroundRules: Original legal text. Not legal advice."}