Kan. Stat. Ann. § 58-24a01
Prudent investor rule
Kansas · Kansas Statutes Annotated Chapter 58 — Personal and Real Property · Status: effective
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- Citation
- Kan. Stat. Ann. § 58-24a01, Prudent investor rule, Kansas, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2565062
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Full text
(a) Except as otherwise provided in subsection (b), a fiduciary who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule set forth in this act.
(b) The prudent investor rule, a default rule, may be expanded, restricted, eliminated or otherwise altered by the provisions of a trust. A fiduciary is not liable to a beneficiary to the extent that the fiduciary acted in reasonable reliance on the provisions of the trust.
(c) As used in this act, "fiduciary" means a personal representative or a trustee. The term includes an executor, administrator, successor personal representative, special administrator, and a person performing substantially the same function.