Kansas Statutes 58a-815. General powers of trustee
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Kansas Statutes 58a-815
- Fiduciary: A trustee, executor, or administrator.
- Property: includes personal and real property. See Kansas Statutes 77-201
- Trustee: A person or institution holding and administering property in trust.
(a) A trustee, without authorization by the court, may exercise:
(1) Powers conferred by the terms of the trust; and
(2) except as limited by the terms of the trust:
(A) All powers over the trust property which an unmarried competent owner has over individually owned property;
(B) any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and
(C) any other powers conferred by this code.
(b) The exercise of a power is subject to the fiduciary duties prescribed by this article.