Ky. Rev. Stat. § 386A.6-070

Current through 2024 Ky. Acts ch. 225
Section 386A.6-070 - Transaction with beneficial owner

Subject to KRS 386A.5-070, a beneficial owner may lend money to, borrow money from, act as a surety, guarantor, or endorser for, guarantee or assume an obligation of, provide collateral for, or do other business with the statutory trust and, subject to law other than this chapter, has the same rights and obligations with respect to those matters as a person that is not a beneficial owner.

KRS 386A.6-070

Added by 2012 Ky. Acts ch. 81,§ 51, eff. 7/11/2012.