Kentucky Statutes 386A.6-100 – Beneficial owner’s right to information
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(1) A beneficial owner has the right to receive from the statutory trust or a trustee information relating to the affairs of a statutory trust which is reasonably related to the beneficial owner’s interest.
(2) A governing instrument may impose reasonable limitations upon the use of any record of or information with respect to a statutory trust. Except as to limitations set forth in a governing instrument to which a beneficial owner requesting information has assented, the trust bears the burden of proof in demonstrating the reasonableness of any restrictions imposed.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 81, sec. 54, effective July 12, 2012.
(2) A governing instrument may impose reasonable limitations upon the use of any record of or information with respect to a statutory trust. Except as to limitations set forth in a governing instrument to which a beneficial owner requesting information has assented, the trust bears the burden of proof in demonstrating the reasonableness of any restrictions imposed.
Terms Used In Kentucky Statutes 386A.6-100
- Owner: when applied to any animal, means any person having a property interest in such animal. See Kentucky Statutes 446.010
- Trustee: A person or institution holding and administering property in trust.
Effective: July 12, 2012
History: Created 2012 Ky. Acts ch. 81, sec. 54, effective July 12, 2012.