58-24a17. Investments by fiduciaries in certain loans. In addition to all other authority now provided by law for the investment of funds by executors, administrators, conservators, trustees or other fiduciaries, all executors, administrators, conservators, trustees or other fiduciaries may legally invest fiduciary or trust funds in any loan which has insurance or guaranty under the servicemen's readjustment act of 1944 as from time to time in force, or as to which a commitment for any such insurance or guaranty has been made without regard to the limitations, restrictions and requirements of any other statutes, or of any rules of law respecting investments by executors, administrators, conservators, trustees or other fiduciaries.
History: L. 2001, ch. 75, ยง 2; 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.