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. Effective: July 15, 2014 History: Created 2014 Ky. Acts ch. 25, sec. 8, effective July 15, 2014.
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