59-3403. Same; reformation. - Kansas Statutes

59-3403

Chapter 59.--PROBATE CODE Article 34.--UNIFORM STATUTORY RULE AGAINST PERPETUITIES

      59-3403.   Same; reformation.Upon the petition of an interested person, a court shall reform adisposition in the manner that most closely approximates the transferor'smanifested plan of distribution and is within the 90 years allowed bysubsections (a)(2), (b)(2) or (c)(2) of K.S.A. 59-3401 if:

      (1)   A nonvested property interest or a power of appointment becomes invalidunder K.S.A. 59-3401, statutory rule against perpetuities;

      (2)   a class gift is not but might become invalid under K.S.A. 59-3401,statutory rule against perpetuities, and the time has arrived when theshare of any class member is to take effect in possession or enjoyment; or

      (3)   a nonvested property interest that is not validated by subsection(a)(1)of K.S.A. 59-3401 can vest but not within 90 years after its creation.

      History:   L. 1992, ch. 302, § 3; July 1.