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2023 Statute
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58-5006. (a) Subject to K.S.A. 2023 Supp. 58-5007, and amendments thereto, the terms of a trust may grant a power of direction to a trust director. (b) Unless the terms of a trust provide otherwise: (1) A trust director may exercise any further power appropriate to the exercise or nonexercise of a power of direction granted to the director under subsection (a); and (2) trust directors with joint powers must act by majority decision. |
History: L. 2022, ch. 16, § 6; July 1. |
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2024. Powered by KLISS. Rendered: 2024-05-23T10:22:07. Head Rev No: 774571(I)