{"data":{"id":"us-ky/krs-386a.6-090","jurisdiction":"us-ky","citation":"KRS 386A.6-090","heading":"Liability for unlawful transactions.","body":"(1) A trustee who votes for or assents to a distribution made in violation of KRS\n386A.6-080 shall be personally liable to the statutory trust for the amount of the\ndistribution that exceeds what could have been distributed without violating KRS\n386A.6-080 if it is established that the trustee did not perform his or her duties in\ncompliance with KRS 386A.5 -050. In any proceeding commenced under this\nsection, a trustee shall have all of the defenses ordinarily available to a trustee.\n(2) A trustee held liable under subsection (1) of this section for an unlawful distribution\nshall be entitled to contribution:\n(a) From every other trustee who could be held liable under subsection (1) of this\nsection for the unlawful distribution; and\n(b) From each beneficial owner for the amount the beneficial owner accepted\nknowing the distribution was made in violation of KRS 386A.6-080.\n(3) A proceeding under this section shall be barred unless it is commenced within two\n(2) years after the date on which the effect of the distrib ution was measured under\nKRS 386A.6-080(6) and (7).","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=40395","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:18Z","sha256":"504565b9b2b9ed4d37d950b365fd190539ee9862af89fba20428915343d7eeb0","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386a.6-080","next":"us-ky/krs-386a.6-100"},"notice":"GroundRules: Original legal text. Not legal advice."}