58-24a17. Investments by fiduciaries in certain loans. - Kansas Statutes

58-24a17

Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 24a.--UNIFORM PRUDENT INVESTOR ACT

      58-24a17.   Investments by fiduciaries in certainloans.In addition to all other authority now provided by law fortheinvestment of funds by executors, administrators, conservators, trusteesor other fiduciaries, all executors, administrators, conservators, trusteesor other fiduciaries may legally invest fiduciary or trust funds in anyloan which has insurance or guaranty under the servicemen's readjustmentact of 1944 as from time to time in force, or as to which a commitment forany such insurance or guaranty has been made without regard to thelimitations, restrictions and requirements of any other statutes, or of anyrules of law respecting investments by executors, administrators,conservators, trustees or other fiduciaries.

      History:   L. 2001, ch. 75, § 2; July 1.