Ky. Rev. Stat. § 386B.4-050

Current through Acts Received April 24, 2024
Section 386B.4-050 - Charitable purposes - Enforcement
(1) A charitable trust may be created for the relief of poverty, the advancement of education or religion, the promotion of health, governmental or municipal purposes, or other purposes the achievement of which is beneficial to the community.
(2) Except as otherwise provided in KRS 381.260, if the terms of a charitable trust do not indicate a particular charitable purpose or beneficiary, the court may select one (1) or more charitable purposes or beneficiaries. The selection shall be consistent with the settlor's intention to the extent it can be ascertained.
(3) The settlor of a charitable trust, among others, may maintain a proceeding to enforce the trust.

KRS 386B.4-050

Added by 2014 Ky. Acts ch. 25,§ 27, eff. 7/15/2014.