Kansas Statutes 58-5016. Office of trust director
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 58-5016
- Trustee: A person or institution holding and administering property in trust.
Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters:
(a) Acceptance under Kan. Stat. Ann. § 58a-701, and amendments thereto;
(b) giving of bond to secure performance under Kan. Stat. Ann. § 58a-702, and amendments thereto;
(c) reasonable compensation under Kan. Stat. Ann. § 58a-708, and amendments thereto;
(d) resignation under Kan. Stat. Ann. § 58a-705, and amendments thereto;
(e) removal under Kan. Stat. Ann. § 58a-706, and amendments thereto; and
(f) vacancy and appointment of successor under Kan. Stat. Ann. § 58a-704, and amendments thereto.