Ky. Rev. Stat. § 386B.1-080

Current through 2024 Ky. Acts ch. 225
Section 386B.1-080 - Others treated as qualified beneficiaries
(1) A charitable organization expressly designated to receive distributions under the terms of a charitable trust has the rights of a qualified beneficiary under this chapter if the charitable organization, on the date the charitable organization's qualification is being determined:
(a) Is a distributee or permissible distributee of trust income or principal;
(b) Would be a distributee or permissible distributee of trust income or principal on the termination of the interests of other distributees or permissible distributes then receiving or eligible to receive distributions; or
(c) Would be a distributee or permissible distributee of trust income or principal if the trust ended on that date.
(2) A person appointed to enforce a trust established for the care of an animal or another noncharitable purpose under KRS 386B.4-080 or 386B.4-090, has the rights of a qualified beneficiary under this chapter.
(3) Other than those listed in KRS 386B.7-060, the Attorney General has the rights of a qualified beneficiary with respect to a charitable trust governed by this chapter.

KRS 386B.1-080

Added by 2014 Ky. Acts ch. 25,§ 8, eff. 7/15/2014.