9-1607. Appointment of nominee when acting as fiduciary; liability. - Kansas Statutes

9-1607

Chapter 9.--BANKS AND BANKING; TRUST COMPANIES Article 16.--BANKING CODE; TRUST AUTHORITY

      9-1607.   Appointment of nominee when acting as fiduciary; liability. Any state or national bank or trust company, when acting in this state as a fiduciary or a co-fiduciary with others, may with the consent of its co-fiduciary or co-fiduciaries, if any, who are hereby authorized to give such consent, cause any investment held in any such capacity, to be registered and held in the name of a nominee or nominees of such bank or trust company. Such bank or trust company shall be liable for the acts of any such nominee with respect to any investment so registered.

      History:   L. 1951, ch. 122, § 1; June 30.