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K.S.A. 58-5013

Limitation of action against trust director

L. 2022, ch. 16, § 13; July 1.

(a) An action against a trust director for breach of trust must be commenced within the same limitation period as under K.S.A. 58a-1005 , and amendments thereto, for an action for breach of trust against a trustee in a like position and under similar circumstances.

(b) A report or accounting has the same effect on the limitation period for an action against a trust director for breach of trust that the report or accounting would have under K.S.A. 58a-1005 , and amendments thereto, in an action for breach of trust against a trustee in a like position and under similar circumstances.

Official source: Kansas Office of Revisor of Statutes. Reproduced from public-domain Kansas statutes; confirm against the official source for the current text. Not legal advice.