Kansas Statutes 58-5013. Limitation of action against trust director
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 58-5013
- Trustee: A person or institution holding and administering property in trust.
(a) An action against a trust director for breach of trust must be commenced within the same limitation period as under Kan. Stat. Ann. § 58a-1005, and amendments thereto, for an action for breach of trust against a trustee in a like position and under similar circumstances.
(b) A report or accounting has the same effect on the limitation period for an action against a trust director for breach of trust that the report or accounting would have under Kan. Stat. Ann. § 58a-1005, and amendments thereto, in an action for breach of trust against a trustee in a like position and under similar circumstances.