9-2318. Indemnification of trust advisor; exceptions.
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/ks/chapter-9/9-2318A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
9-2318. Indemnification of trust advisor; exceptions. An instrument may relieve and indemnify a trust advisor and a fiduciary financial institution that serves as trustee of a fidfin trust or alternative asset custody account from liability for a breach of fiduciary duty. Any such provision is unenforceable to the extent that it relieves the trust advisor or fiduciary financial institution from liability for a breach of fiduciary duty committed:
(a)In bad faith;
(b)intentionally; or
(c)with reckless indifference to the interest of a beneficiary.