Kansas § 9-2318 Indemnification of trust advisor; exceptions

Kansas Statutes

§ 9-2318 — Indemnification of trust advisor; exceptions

Kansas § 9-2318

Ch. 9BANKS AND BANKING; TRUST COMPANIES

Art. 23TECHNOLOGY-ENABLED FIDUCIARY FINANCIAL INSTITUTIONS

This text of Kansas § 9-2318 (Indemnification of trust advisor; exceptions) 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. § 9-2318 (2026).

Text

An instrument may relieve and indemnify a trust advisor and a fiduciary financial institution that serves as trustee of a fidfin trust or alternative asset custody account from liability for a breach of fiduciary duty. Any such provision is unenforceable to the extent that it relieves the trust advisor or fiduciary financial institution from liability for a breach of fiduciary duty committed:

(a)In bad faith;

(b)intentionally; or

(c)with reckless indifference to the interest of a beneficiary.

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An instrument may relieve and indemnify a trust advisor and a fiduciary financial institution that serves as trustee of a fidfin trust or alternative asset custody account from liability for a breach of fiduciary duty. Any such provision is unenforceable to the extent that it relieves the trust advisor or fiduciary financial institution from liability for a breach of fiduciary duty committed:
(a) In bad faith;
(b) intentionally; or
(c) with reckless indifference to the interest of a beneficiary.