uniform trust code - Kansas Judicial Branch

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1 2 3 4 5 application to any person or circumstances is held invalid, the invalidity does not affect other provisions or applications of this [Code] which can be given effect without the invalid provision or application, and to this end the provisions of this [Code] are severable. Kansas Comment This section is new. 6 7 8 SECTION 1104. EFFECTIVE DATE. This [Code] takes effect on January 1, 2003. This section is new. Kansas Comment 9 10 11 12 13 14 15 16 17 18 SECTION 1105. REPEALS. The following Acts Sections are repealed: (1) Uniform Trustee Powers Act ; (2) Uniform Probate Code, Article VII; (3) Uniform Trusts Act (1937); and (4) Uniform Prudent Investor Act. K.S.A. 58-1201, 58-1202, 58-1203, 58-1204, 58-1205, 58-1206, 58-1207, 58-1208, 58-1209, 58- 1210, 58-1211, 58-2404, 58-2405, 58-2409, 58-2410, 58-2411, 58-2412, 58-2413, 58-2415, 58- 2417, 58-2420, 59-2295 and 59-2296. Kansas Comment This section is new. 19 20 UTC Comment 199
1 2 3 4 5 6 7 For the reasons why the above Uniform Acts should be repealed upon enactment of the Uniform Trust Code, see the Prefatory Note. Enacting jurisdictions that have not enacted one or more of the specified Uniform Acts should repeal their comparable legislation. Because of the comprehensive scope of the Uniform Trust Code, many States will have trust provisions not based on any Uniform Act that will need to be repealed upon enactment of this Code. This section does not attempt to list the types of conforming amendments, whether in the enacting State’s probate code or elsewhere, that need to be made upon enactment of this Code. 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 SECTION 1106. APPLICATION TO EXISTING RELATIONSHIPS. (a) Except as otherwise provided in this Act, on the effective date of this Act: (1) this Act applies to all trusts created before, on, or after its effective date; (2) this Act applies to all judicial proceedings concerning trusts commenced on or after its effective date; (3) this Act applies to judicial proceedings concerning trusts commenced before its effective date unless the court finds that application of a particular provision of this Act would substantially interfere with the effective conduct of the judicial proceedings or prejudice the rights of the parties, in which case the particular provision of this Act does not apply and the superseded law applies; (4) any rule of construction or presumption provided in this Act applies to trust instruments executed before the effective date of the Act unless there is a clear indication of a contrary intent in the terms of the trust; and (5) an act done before the effective date of the Act is not affected by this Act. (b) If a right is acquired, extinguished, or barred upon the expiration of a prescribed period that has commenced to run under any other statute before the effective date of the Act, that statute continues to apply to the right even if it has been repealed or superseded. Kansas Comment 200
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UNIFORM TRUST CODE Drafted by the N
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ARTICLE 1 GENERAL PROVISIONS AND DE
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SECTION 812. COLLECTING TRUST PROPE
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