(1) Except as otherwise provided in subsection (2) of this section, a statutory trust may have any lawful purpose. (2) A statutory trust may not: (a) Have a predominantly donative purpose; or (b) Be organized for the purpose of rendering a professional service.
Permissible purposes
KRS § 386A.3-030, under KENTUCKY UNIFORM STATUTORY TRUST ACT (2012).
KRS § 386A.3-030