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Terms Used In Kansas Statutes 59-2256

  • Trustee: A person or institution holding and administering property in trust.

The approval by the court of a trustee‘s account after due notice or representation as provided in this act, shall relieve the trustee and the trustee’s sureties from liability to all beneficiaries then known and in being, or who thereafter become known or in being, for all the trustee’s acts and omissions which are fully and accurately described in the account, including the then investment of trust funds.