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2023 Kansas Statutes
Chapter 58 - Personal And Real Property
Article 50 - Kansas Uniform Directed Trust Act
58-5007 Limitations on trust director.
Universal Citation:
KS Stat § 58-5007 (2023)
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58-5007. Limitations on trust director.
A trust director is subject to the same rules as a trustee in a like position and under similar circumstances in the exercise or nonexercise of a power of direction or further power under K.S.A. 2023 Supp. 58-5006(b)(1), and amendments thereto, regarding:
(a) A payback provision in the terms of a trust necessary to comply with the reimbursement requirements of medicaid law in section 1917 of the social security act, 42 U.S.C. § 1396p(d)(4)(A), as in effect on July 1, 2022; and
(b) a charitable interest in the trust, including notice regarding the interest to the attorney general.
History: L. 2022, ch. 16, § 7; July 1.
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