58-2437. Same; trustee required to be agency of state or political or governmental subdivision; liability for acts or omissions of trustee. The trustee or trustees, under such an instrument or will shall be an agency of the state, county, municipality, political or governmental subdivision and the regularly constituted authority of the beneficiary for the performance of the functions for which the trust shall have been created. No trustee or state agency, county, municipality, political or governmental subdivision, as beneficiary, shall be charged personally with any liability whatsoever by reason of any act or omission committed or suffered in the performance of such trust or in the operation of the trust property; but any act, liability for any omission or obligation of a trustee or trustees, in the execution of such trust, or in the operation of the trust property, shall extend to the whole of the trust estate, or so much thereof as may be necessary to discharge such liability or obligation, and not otherwise.
History: L. 1974, ch. 235, ยง 7; July 1.
Structure Kansas Statutes
Chapter 58 - Personal And Real Property
Article 24 - Trusts And Powers
58-2401 How trust concerning land created.
58-2402 Title of purchaser without notice of trust.
58-2403 Record of trust as notice.
58-2406 Conveyance to one person when consideration paid by another.
58-2407 Same; effect as to creditors.
58-2408 Same; cases to which 58-2406 shall not extend.
58-2414 Grant reserving power of revocation.
58-2416 Power given to married woman.
58-2418 Power to grantee to sell.
58-2419 Act does not extend to simple power of attorney to convey lands.
58-2432 Same; trust instruments and acceptance, recording; binding contract.
58-2434 Same; appointment, succession, powers, duties, terms and compensation of trustees.
58-2435 Same; property or interest subject to taxation.
58-2436 Same; payment of operation, maintenance and depreciation costs; fees and charges.