Kansas Statutes 58-651. Definitions
As used in the Kansas power of attorney act:
(a) “Attorney in fact” means an individual, corporation or other legal entity appointed to act as agent of a principal in a written power of attorney.
Terms Used In Kansas Statutes 58-651
- Conservator: means an individual or corporation appointed by the court to act on behalf of a conservatee and possessed of some or all of the powers and duties set out in Kan. See Kansas Statutes 77-201
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Decedent: A deceased person.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
- Residence: means the place which is adopted by a person as the person's place of habitation and to which, whenever the person is absent, the person has the intention of returning. See Kansas Statutes 77-201
- Trustee: A person or institution holding and administering property in trust.
(b) “Court” means the district court.
(c) “Disabled” means a person who is wholly or partially disabled as defined in Kan. Stat. Ann. § 77-201, and amendments thereto, or a similar law of the place having jurisdiction of the person whose capacity is in question.
(d) “Durable power of attorney” means a written power of attorney in which the authority of the attorney in fact does not terminate in the event the principal becomes disabled or in the event of later uncertainty as to whether the principal is dead or alive and which complies with subsection (a) of Kan. Stat. Ann. § 58-652, and amendments thereto, or is durable under the laws of any of the following places:
(1) The law of the place where executed;
(2) the law of the place of the residence of the principal when executed; or
(3) the law of a place designated in the written power of attorney if that place has a reasonable relationship to the purpose of the instrument.
(e) “Legal representative” means a decedent‘s personal representative, a guardian or a conservator.
(f) “Nondurable power of attorney” means a written power of attorney which does not meet the requirements of a durable power of attorney.
(g) “Person” means an adult individual, corporation or other legal entity.
(h) “Personal representative” means a legal representative as defined in Kan. Stat. Ann. § 59-102, and amendments thereto.
(i) “Power of attorney” means a written power of attorney, either durable or nondurable.
(j) “Principal’s family” means the principal’s parent, grandparent, uncle, aunt, brother, sister, son, daughter, grandson, granddaughter and their descendants, whether of the whole blood or the half blood, or by adoption, and the principal’s spouse, stepparent and stepchild.
(k) “Third person” means any individual, corporation or legal entity that acts on a request from, contracts with, relies on or otherwise deals with an attorney in fact pursuant to authority granted by a principal in a power of attorney and includes a partnership, either general or limited, governmental agency, financial institution, issuer of securities, transfer agent, securities or commodities broker, real estate broker, title insurance company, insurance company, benefit plan, legal representative, custodian or trustee.