§ 58-5001 Citation of act
§ 58-5002 Definitions
§ 58-5003 Application; principal place of administration
§ 58-5004 Common law and principles of equity supplement of act
§ 58-5005 Exclusions
§ 58-5006 Powers of trust director
§ 58-5007 Limitations on trust director
§ 58-5008 Duty and liability of trust director
§ 58-5009 Duty and liability of directed trustee
§ 58-5010 Duty to provide information to trust director or trustee
§ 58-5011 No duty to monitor, inform or advise
§ 58-5012 Application to cotrustee
§ 58-5013 Limitation of action against trust director
§ 58-5014 Defenses in action against trust director
§ 58-5015 Jurisdiction over trust director
§ 58-5016 Office of trust director
§ 58-5017 Uniformity of application and construction
§ 58-5018 Relation to electronic signatures in global and national commerce act
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Terms Used In Kansas Statutes > Chapter 58 > Article 50 - Kansas Uniform Directed Trust Act

  • 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
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • 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.
  • 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.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Property: includes personal and real property. See Kansas Statutes 77-201
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
  • Testator: A male person who leaves a will at death.
  • Trustee: A person or institution holding and administering property in trust.