KRS § 386.520 Formation of company -- Approval -- Regulations.
Four or more trust institutions may organize and incorporate a fiduciary investment company, but they cannot own interests in more than seven such companies. A fiduciary investment company cannot begin business before supervisory approval, except to select an investment advisor, and it is subject to regulations the sup
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- Jurisdiction
- United States — Kentucky
- Instrument
- Regulation
- Version
- Undated source snapshot
- Language
- en
- Official source
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Statute overview
About this statute
Four or more trust institutions may organize and incorporate a fiduciary investment company, but they cannot own interests in more than seven such companies. A fiduciary investment company cannot begin business before supervisory approval, except to select an investment advisor, and it is subject to regulations the supervisory agency prescribes.
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KRS § 386.520 Formation of company -- Approval -- Regulations.
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