Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Section 58-5009 - Duty and liability of directed trustee(a) Subject to subsection (b), a directed trustee shall take reasonable action to comply with a trust director's exercise or nonexercise of a power of direction or further power under K.S.A. 2023 Supp. 58-5006(b)(1), and amendments thereto, and the trustee is not liable for the action.(b) A directed trustee must not comply with a trust director's exercise or nonexercise of a power of direction or further power under K.S.A. 2023 Supp. 58-5006(b)(1), and amendments thereto, to the extent that by complying the trustee would engage in willful misconduct.(c) An exercise of a power of direction under which a trust director may release a trustee or another trust director from liability for breach of trust is not effective if: (1) The breach involved the trustee's or other director's willful misconduct;(2) the release was induced by improper conduct of the trustee or other director in procuring the release; or(3) at the time of the release, the director did not know the material facts relating to the breach.(d) A directed trustee that has reasonable doubt about its duty under this section may petition the district court for instructions.(e) The terms of a trust may impose a duty or liability on a directed trustee in addition to the duties and liabilities under this section.Added by L. 2022, ch. 16,§ 9, eff. 7/1/2022.