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Terms Used In Kansas Statutes 58a-707

  • Property: includes personal and real property. See Kansas Statutes 77-201
  • Trustee: A person or institution holding and administering property in trust.

(a) Unless a cotrustee remains in office or the court otherwise orders, and until the trust property is delivered to a successor trustee or other person entitled to it, a trustee who has resigned or been removed has the duties of a trustee and the powers necessary to protect the trust property.

(b) A trustee who has resigned or been removed shall proceed expeditiously to deliver the trust property within the trustee’s possession to the cotrustee, successor trustee, or other person entitled to it.