Kansas § 58-5007 Limitations on trust director

Kansas Statutes

§ 58-5007 — Limitations on trust director

Kansas § 58-5007

Ch. 58PERSONAL AND REAL PROPERTY

Art. 50KANSAS UNIFORM DIRECTED TRUST ACT

This text of Kansas § 58-5007 (Limitations on trust director) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 58-5007 (2026).

Text

A trust director is subject to the same rules as a trustee in a like position and under similar circumstances in the exercise or nonexercise of a power of direction or further power under K.S.A. 2024 Supp. 58-5006(b)(1), and amendments thereto, regarding:

(a)A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of medicaid law in section 1917 of the social security act, 42 U.S.C. § 1396p(d)(4)(A), as in effect on July 1, 2022; and

(b)a charitable interest in the trust, including notice regarding the interest to the attorney general.

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A trust director is subject to the same rules as a trustee in a like position and under similar circumstances in the exercise or nonexercise of a power of direction or further power under K.S.A. 2024 Supp. 58-5006(b)(1), and amendments thereto, regarding:
(a) A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of medicaid law in section 1917 of the social security act, 42 U.S.C. § 1396p(d)(4)(A), as in effect on July 1, 2022; and
(b) a charitable interest in the trust, including notice regarding the interest to the attorney general.