58-2438. Same; termination. Any such trust may be terminated by agreement of the trustee, or if there be more than one, then all of the trustees, and the governing body of the beneficiary, with the approval of the governor of the state of Kansas if such beneficiary is an agency of the state of Kansas: Provided, That such trust shall not be terminated while there exists outstanding any contractual obligations chargeable against the trust property, and no such obligation shall ever by reason of such termination, become an obligation of the beneficiary of such trust.
History: L. 1974, ch. 235, ยง 8; 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.