Kansas § 9-2316 Trust advisor; presumed fiduciary; jurisdiction; appointment

Kansas Statutes

§ 9-2316 — Trust advisor; presumed fiduciary; jurisdiction; appointment

Kansas § 9-2316

Ch. 9BANKS AND BANKING; TRUST COMPANIES

Art. 23TECHNOLOGY-ENABLED FIDUCIARY FINANCIAL INSTITUTIONS

This text of Kansas § 9-2316 (Trust advisor; presumed fiduciary; jurisdiction; appointment) 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. § 9-2316 (2026).

Text

(a)A trust advisor shall be presumed to be a fiduciary when exercising such trust advisor's authority under this act.

(b)By accepting an appointment to serve as a trust advisor of a fidfin trust or an alternative asset custody account that is subject to the laws of this state, the trust advisor submits to the jurisdiction of the courts of Kansas even if investment advisory agreements or other related agreements provide otherwise. The trust advisor may be made a party to any action or proceeding relating to a decision or action of the trust advisor.

(c)An instrument may appoint an individual, corporation or limited liability company as the trust advisor of a fidfin trust or an alternative asset custody account.

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(a) A trust advisor shall be presumed to be a fiduciary when exercising such trust advisor's authority under this act.
(b) By accepting an appointment to serve as a trust advisor of a fidfin trust or an alternative asset custody account that is subject to the laws of this state, the trust advisor submits to the jurisdiction of the courts of Kansas even if investment advisory agreements or other related agreements provide otherwise. The trust advisor may be made a party to any action or proceeding relating to a decision or action of the trust advisor.
(c) An instrument may appoint an individual, corporation or limited liability company as the trust advisor of a fidfin trust or an alternative asset custody account.