KRS § 386.430 Duration of business trust -- Rules against perpetuities and restraint of alienation not violated. — United States — Kentucky law | Esheria

KRS § 386.430 Duration of business trust -- Rules against perpetuities and restraint of alienation not violated.

A business trust is not invalid under the rule against perpetuities or suspension of alienation rules, and it may last as long as needed to serve its purpose if the trust declaration allows termination by trustees or by the required beneficial owners.

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Jurisdiction
United States — Kentucky
Instrument
Rule
Version
Undated source snapshot
Language
en
Official source
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alienation business trust duration perpetuities

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