Supervision of winding up and liquidation

(1) Subject to KRS 386A.8-030(3), after dissolution of a statutory trust, the trustee or trustees shall wind up the trust's activities. (2) The appropriate court may order judicial supervision of the winding up of a statutory trust, including the appointment of a person to wind up the trust's activities: (a) On application of a beneficial owner, if the applicant establishes good cause; or (b) In connection with a proceeding under KRS 386A.8-030.