Kansas Statutes

§ 58-5114 — Protection of charitable interest; powers of attorney general

Kansas·Ch. 58 PERSONAL AND REAL PROPERTY·Art. 51 UNIFORM TRUST DECANTING ACT
(a)As used in this section:
(1)"Determinable charitable interest" means a charitable interest that is a right to a mandatory distribution currently, periodically, on the occurrence of a specified event or after the passage of a specified time and is unconditional or will be held solely for charitable purposes.
(2)"Unconditional" means not subject to the occurrence of a specified event that is not certain to occur, other than a requirement in a trust instrument that a charitable organization be in existence or qualify under a particular provision of the United States internal revenue code of 1986 on the date of the distribution, if the charitable organization meets the requirement on the date of determination.
(b)If a first trust contains a determinable charitable interest, the attorney

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§ 2024
Kansas § 2024

Legislative History

L. 2023, ch. 48, § 14; July 1.

Nearby Sections

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