Section 386A.6-010 - Beneficial interest(1) A beneficial interest in a statutory trust is personal property regardless of the nature of the property of the trust.(2) A beneficial interest in a statutory trust is not an interest in specific property of the statutory trust.(3) A beneficial interest in a statutory trust is freely transferable.(4) Any limitations upon transfer of a beneficial interest set forth in the governing instrument shall be void if the same person is the sole trustee and sole beneficial owner.(5) A beneficial owner does not have a preemptive right to subscribe to any additional issue of beneficial interests or any other interest of a statutory trust.Added by 2012 Ky. Acts ch. 81,§ 45, eff. 7/11/2012.