Kansas Statutes 58-5127. Obligations enforceable against first trust, continuation
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 58-5127
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Property: includes personal and real property. See Kansas Statutes 77-201
A debt, liability or other obligation enforceable against property of a first trust is enforceable to the same extent against the property when held by the second trust after exercise of the decanting power.