58-24a04. Duties at inception of fiduciary relationship. Within a reasonable time after entering into a fiduciary relationship or receiving trust assets, a fiduciary shall review the trust assets and make and implement decisions concerning the retention and disposition of assets, in order to bring the trust portfolio into compliance with the purposes, terms distribution requirements and other circumstances of the trust, and with the requirements of this act.
History: L. 2000, ch. 80, ยง 4; July 1.
Structure Kansas Statutes
Chapter 58 - Personal And Real Property
Article 24a - Uniform Prudent Investor Act
58-24a01 Prudent investor rule.
58-24a04 Duties at inception of fiduciary relationship.
58-24a08 Reviewing compliance.
58-24a09 Delegation of investment and management functions.
58-24a10 Language invoking standard of act.
58-24a11 Application to existing trusts.
58-24a12 Uniformity of application and construction.
58-24a15 Investments of conservators.
58-24a16 Investments by fiduciaries in certain corporations and organizations.
58-24a17 Investments by fiduciaries in certain loans.
58-24a19 Same; court's power to permit deviation not restricted.