uniform trust code - Kansas Judicial Branch
uniform trust code - Kansas Judicial Branch
uniform trust code - Kansas Judicial Branch
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court may appoint an additional <strong>trust</strong>ee or special fiduciary whenever the court considers the<br />
appointment necessary for the administration of the <strong>trust</strong>.<br />
<strong>Kansas</strong> Comment<br />
Subsection (a)(1) was recognized in Rathbun v. Hill, 187 Kan. 130, Syl. 3, 354 P.2d 338<br />
(1960) (person may reject <strong>trust</strong>).<br />
Subsection (a)(2) is new.<br />
Subsection (a)(3) is recognized in K.S.A. 58-2411 (resignation of <strong>trust</strong>ee).<br />
Subsection (a)(4) is recognized in K.S.A. 58-2412 (removal of <strong>trust</strong>ee).<br />
Subsection (a)(5) is recognized in K.S.A. 58-2410 (death of <strong>trust</strong>ee).<br />
Subsection (a)(6) is recognized in K.S.A. 59-1711 (incapacity of <strong>trust</strong>ee).<br />
Subsection (b) conforms to <strong>Kansas</strong> law. See K.S.A. 58-1206(b) (if <strong>trust</strong> has two or more<br />
<strong>trust</strong>ees and if any of them declines or ceases to serve, surviving or remaining <strong>trust</strong>ees shall perform<br />
the <strong>trust</strong>).<br />
Subsection (c) modifies <strong>Kansas</strong> law which allows the court to fill a vacancy. See K.S.A. 58-<br />
2410 (court shall appoint successor upon death of sole or suviving <strong>trust</strong>ee); K.S.A. 58-2412 (court<br />
may fill all vacancies in express <strong>trust</strong>s).<br />
Subsection (d) is new.<br />
Subsection (e) is new.<br />
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UTC Comment<br />
This section lists the ways in which a <strong>trust</strong>eeship becomes vacant and the rules on filling the<br />
vacancy. See also Sections 701 (accepting or declining <strong>trust</strong>eeship), 705 (resignation), and 706<br />
(removal). Good drafting practice suggests that the terms of the <strong>trust</strong> deal expressly with the<br />
problem of vacancies, naming successors and specifying the procedure for filling vacancies. This<br />
section applies only if the terms of the <strong>trust</strong> fail to specify a procedure.<br />
The disqualification of a <strong>trust</strong>ee referred to in subsection (a)(4) would include a financial<br />
institution whose right to engage in <strong>trust</strong> business has been revoked or removed. Such<br />
disqualification might also occur if the <strong>trust</strong>’s principal place of administration is transferred to a<br />
jurisdiction in which the <strong>trust</strong>ee, whether an individual or institution, is not qualified to act.<br />
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