{"data":{"id":"us-ky/krs-386a.5-030","jurisdiction":"us-ky","citation":"KRS 386A.5-030","heading":"Action by trustees.","body":"(1) On any matter that is to be acted on by trustees:\n(a) Each trustee has equal rights in the management and conduct of trust business;\nand\n(b) The trustees act by majority of the trustees.\n(2) The trustees may act other than at a meeting of the trustees if t he minimum number\nof trustees necessary to authorize or to take action at a meeting consent in a signed\nrecord. Prompt notice of the action taken must be promptly communicated to all\ntrustees.\n(3) A trustee may not vote by proxy.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40377","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:18Z","sha256":"02635a7d543d642a918986f61e03ace137fe5ae3b36fa08a765abd61889c8a58","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386a.5-020","next":"us-ky/krs-386a.5-040"},"notice":"GroundRules: Original legal text. Not legal advice."}