Kansas § 58-5007 Limitations on trust director

Kansas Statutes

§ 58-5007 — Limitations on trust director

Kansas·Ch. 58 PERSONAL AND REAL PROPERTY·Art. 50 KANSAS UNIFORM DIRECTED TRUST ACT

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.

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