58-9,106 Income standard, no presumption concerning fiduciary duty.

KS Stat § 58-9,106 (2018) (N/A)
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58-9-106. Income standard, no presumption concerning fiduciary duty. (a) The income standard established in K.S.A. 2018 Supp. 58-9-105, and amendments thereto, does not create a presumption or implication that a trustee who distributes less than 3% or more than 5% is breaching a trustee's fiduciary duty to a beneficiary.

(b) This section shall be part of and supplemental to the uniform principal and income act (1997).

History: L. 2009, ch. 57, § 2; July 1.