Section 386A.3-030 - Permissible purposes(1) Except as otherwise provided in subsection (2) of this section, a statutory trust may have any lawful purpose.(2) A statutory trust may not:(a) Have a predominantly donative purpose; or(b) Be organized for the purpose of rendering a professional service.Added by 2012 Ky. Acts ch. 81,§ 18, eff. 7/11/2012.