Kansas § 58-5010 Duty to provide information to trust director or trustee

Kansas Statutes

§ 58-5010 — Duty to provide information to trust director or trustee

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

(a)Subject to K.S.A. 2024 Supp. 58-5011, and amendments thereto, a trustee shall provide information to a trust director to the extent the information is reasonably related both to:

(1)The powers or duties of the trustee; and

(2)the powers or duties of the director.

(b)Subject to K.S.A. 2024 Supp. 58-5011, and amendments thereto, a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related both to:

(1)The powers or duties of the director; and

(2)the powers or duties of the trustee or other director.

(c)A trustee that acts in reliance on information provided by a trust director is not liable for a breach of trust to the extent the breach resulted from the reliance, unless by so acting the trustee engages in will

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(a) Subject to K.S.A. 2024 Supp. 58-5011, and amendments thereto, a trustee shall provide information to a trust director to the extent the information is reasonably related both to:
(1) The powers or duties of the trustee; and
(2) the powers or duties of the director.
(b) Subject to K.S.A. 2024 Supp. 58-5011, and amendments thereto, a trust director shall provide information to a trustee or another trust director to the extent the information is reasonably related both to:
(1) The powers or duties of the director; and
(2) the powers or duties of the trustee or other director.
(c) A trustee that acts in reliance on information provided by a trust director is not liable for a breach of trust to the extent the breach resulted from the reliance, unless by so acting the trustee engages in willful misconduct.
(d) A trust director that acts in reliance on information provided by a trustee or another trust director is not liable for a breach of trust to the extent the breach resulted from the reliance, unless by so acting the trust director engages in willful misconduct.

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