Kan. Stat. Ann. § 58-5007
Limitations on trust director
Kansas · Kansas Statutes Annotated Chapter 58 — Personal and Real Property · Status: effective
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- Citation
- Kan. Stat. Ann. § 58-5007, Limitations on trust director, Kansas, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2565679
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Full text
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. 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.