58-24a15. Investments of conservators. Conservators shall not invest funds under their control and management in investments other than those specifically permitted by K.S.A. 59-3078, and amendments thereto, except upon the entry of an order of a court of competent jurisdiction, after a hearing on a verified petition. Before authorizing any such investment, the court shall require evidence of value and advisability of such purchase.
History: L. 2000, ch. 80, § 10; L. 2002, ch. 114, § 58; 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.