58-9-106. Income standard, no presumption concerning fiduciary duty. - Kansas Statutes

58-9-106

Chapter 58.--PERSONAL AND REAL PROPERTY Part 1.--DEFINITIONS AND FIDUCIARY DUTIES Article 9.--UNIFORM PRINCIPAL AND INCOME ACT (1997)

      58-9-106.   Income standard, no presumption concerningfiduciary duty.(a) The income standard established in K.S.A. 2009 Supp. 58-9-105, andamendments thereto, does not create a presumption or implication that a trusteewho distributes less than 3% or more than 5% is breaching a trustee's fiduciaryduty to a beneficiary.

      (b)   This section shall be part of and supplemental to the uniform principaland income act (1997).

      History:   L. 2009, ch. 57, § 2; July 1.