uniform trust code - Kansas Judicial Branch
uniform trust code - Kansas Judicial Branch
uniform trust code - Kansas Judicial Branch
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Withdrawal of the <strong>trust</strong> property is not an event terminating a <strong>trust</strong>. The <strong>trust</strong> remains in<br />
existence although the <strong>trust</strong>ee has no duties to perform unless and until property is later contributed<br />
to the <strong>trust</strong>.<br />
Subsection (b) specifies the persons who have standing to seek court approval or disapproval<br />
of proposed <strong>trust</strong> modifications, terminations, combinations, or divisions. An approval or<br />
disapproval may be sought for an action that does not require court permission, including a petition<br />
questioning the <strong>trust</strong>ee’s distribution upon termination of a <strong>trust</strong> under $50,000 (Section 414), and<br />
a petition to approve or disapprove a proposed <strong>trust</strong> division or consolidation (Section 417).<br />
Subsection (b) makes the settlor an interested person with respect to a judicial proceeding brought<br />
by the beneficiaries under Section 411 to terminate or modify a <strong>trust</strong>. Contrary to Restatement<br />
(Second) of Trusts § 391 (1959), subsection (b) grants a settlor standing to petition the court under<br />
Section 413 to apply cy pres to modify the settlor’s charitable <strong>trust</strong>.<br />
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SECTION 411. MODIFICATION OR TERMINATION OF NONCHARITABLE<br />
IRREVOCABLE TRUST BY CONSENT.<br />
(a) A noncharitable irrevocable <strong>trust</strong> may be modified or terminated upon consent of the<br />
settlor and all beneficiaries, even if the modification or termination is inconsistent with a material<br />
purpose of the <strong>trust</strong>. A settlor’s power to consent to a <strong>trust</strong>’s termination may be exercised by an<br />
agent under a power of attorney only to the extent expressly authorized by the power of attorney or<br />
the terms of the <strong>trust</strong>; by the settlor’s [conservator] with the approval of the court supervising the<br />
[conservatorship] if an agent is not so authorized; or by the settlor’s [guardian] with the approval<br />
of the court supervising the [guardianship] if an agent is not so authorized and a conservator has not<br />
been appointed.<br />
(b) A noncharitable irrevocable <strong>trust</strong> may be terminated upon consent of all of the<br />
beneficiaries if the court concludes that continuance of the <strong>trust</strong> is not necessary to achieve any<br />
material purpose of the <strong>trust</strong>. A noncharitable irrevocable <strong>trust</strong> may be modified upon consent of<br />
all of the beneficiaries if the court concludes that modification is not inconsistent with a material<br />
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