Kansas Statutes 9-2314. Trust advisor; rights, powers, immunities and liabilities
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 9-2314
- Trustee: A person or institution holding and administering property in trust.
Any instrument providing for a trust advisor may also provide such trust advisor with some, none or all of the rights, powers, privileges, benefits, immunities or authorities available to a trustee under Kansas law or under such instrument. Unless the instrument provides otherwise, a trust advisor has no greater liability to any person than would a trustee holding or benefiting from the rights, powers, privileges, benefits, immunities or authority provided or allowed by the instrument to such trust advisor.