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164A.375 Property rights to assets in trust.

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164A.375 Property rights to assets in trust. The assets of the trust, including the program fund, shall at all times be preserved, <br>invested and expended solely and only for the purposes of the trust and shall be held in <br>trust for the participants and beneficiaries and no property rights therein shall exist in <br>favor of the Commonwealth. The assets shall not be transferred or used by the <br>Commonwealth for any purposes other than the purposes of the trust. Effective: July 14, 2000 <br>History: Amended 2000 Ky. Acts ch. 382, sec. 10, effective July 14, 2000. -- Created 1988 Ky. Acts ch. 88, sec. 16, effective July 15, 1988.