{"data":{"id":"us-ky/krs-386a.6-010","jurisdiction":"us-ky","citation":"KRS 386A.6-010","heading":"Beneficial interest.","body":"(1) A beneficial interest in a statutory trust is personal property regardless of the nature\nof the property of the trust.\n(2) A beneficial interest in a statutory trust is not an interest in specific property of the\nstatutory trust.\n(3) A beneficial interest in a statutory trust is freely transferable.\n(4) Any limitations upon transfer of a beneficial interest set forth in the governing\ninstrument shall be void if the same person is the sole trustee and sole beneficial\nowner.\n(5) A beneficial owner does not ha ve a preemptive right to subscribe to any additional\nissue of beneficial interests or any other interest of a statutory trust.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40387","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:18Z","sha256":"ff5a8e01b60a5c310c739c6b71d7cada240d4558855cdb22bcfc1124daf7076b","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386a.5-120","next":"us-ky/krs-386a.6-020"},"notice":"GroundRules: Original legal text. Not legal advice."}