§ 58-24a01 Prudent investor rule
§ 58-24a02 Standard of care; portfolio strategy; risk and return objectives; trustee following written directions complies with standard of care
§ 58-24a03 Diversification
§ 58-24a04 Duties at inception of fiduciary relationship
§ 58-24a05 Loyalty
§ 58-24a06 Impartiality
§ 58-24a07 Investment costs
§ 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
§ 58-24a13 Short title
§ 58-24a14 Severability
§ 58-24a15 Investments of conservators
§ 58-24a16 Investments by fiduciaries in certain corporations and organizations
§ 58-24a17 Investments by fiduciaries in certain loans
§ 58-24a18 Standards for investments by fiduciaries; deviation from instrument or court order not authorized; in investment company or trust
§ 58-24a19 Same; court’s power to permit deviation not restricted

Terms Used In Kansas Statutes > Chapter 58 > Article 24a - Uniform Prudent Investor Act

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • fiduciary: means a personal representative or a trustee. See Kansas Statutes 58-24a01
  • Grantor: The person who establishes a trust and places property into it.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • Property: includes personal and real property. See Kansas Statutes 77-201
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
  • Trustee: A person or institution holding and administering property in trust.