58-655. Indication of capacity as attorney in fact; property and accounts separate. (a) An attorney in fact acting for the principal under a power of attorney shall clearly indicate the attorney in fact's capacity and shall keep the principal's property and accounts separate and distinct from all other property and accounts in a manner to identify the property and accounts clearly as belonging to the principal.
(b) An attorney in fact holding property for a principal complies with subsection (a) if the property is held in the name of the principal, in the name of the attorney in fact as attorney in fact for the principal or if the attorney in fact is a state or national bank or trust company, in a nominee name as provided under K.S.A. 9-1607, and amendments thereto.
History: L. 2003, ch. 58, § 6; L. 2004, ch. 50, § 2; July 1.
Structure Kansas Statutes
Chapter 58 - Personal And Real Property
Article 6 - Powers And Letters Of Attorney
58-625 Durable power of attorney for health care decisions; meaning.
58-626 Same; acts of agent during disability or incapacity of principal.
58-628 Same; effect of voluntary revocation by principal; actual knowledge required.
58-631 Same; durable power of attorney executed before July 1, 1989, not affected by this act.
58-652 Effectiveness of power of attorney; recording; revocation; attorney in fact.
58-653 Appointment of multiple attorneys in fact; qualifications; persons disqualified.
58-655 Indication of capacity as attorney in fact; property and accounts separate.
58-658 Exemption of third persons from liability.
58-659 Termination of power of attorney; liability between principal and third persons.
58-660 Delegation of powers; successor attorneys in fact; court appointments.
58-661 Compensation of attorney in fact.
58-664 Effect of repealed statutes on existing powers of attorney.