{"data":{"id":"us-ky/krs-386a.6-020","jurisdiction":"us-ky","citation":"KRS 386A.6-020","heading":"Voting or consent by beneficial owners.","body":"(1) The vote of all beneficial owners is required for:\n(a) The amendment of the governing instrument;\n(b) Compromise of a beneficial owner's obligation to make a contribution to the\nstatutory trust;\n(c) The conversion of the statutory trust;\n(d) The merger of the statutory trust;\n(e) The extension of the term of the statutory trust beyond that provided for in the\ngoverning instrument; and\n(f) The dissolution of the statutory trust.\n(2) Except as provided in subsection (1) of this section, the beneficial owners act by a\nmajority of the beneficial interests.\n(3) A beneficial owner may vote in person or by proxy, but if by proxy, the proxy must\nbe contained in a signed record.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40388","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:18Z","sha256":"7c2d7e1d84f78e24e05e227345c5fb04a61b9d6e8a6cd8720c1bb67becb87ccf","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386a.6-010","next":"us-ky/krs-386a.6-030"},"notice":"GroundRules: Original legal text. Not legal advice."}