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Code · Kansas · Chapter 9 — Banks And Banking; Trust Companies

9-2319. Trustee compensation.

119 words·~1 min read·/ks/chapter-9/9-2319

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9-2319. Trustee compensation.
(a)Notwithstanding the provisions of K.S.A. 58a-708 , and amendments thereto, if the terms of a fidfin trust specify the trustee's compensation, such trustee is entitled to be compensated as provided in such terms, except that compensation may be increased or decreased upon approval by the trustee and by unanimous consent of the beneficiaries.
(b)If the terms of a fidfin trust specify the trustee's compensation, the trustee is entitled to be compensated as specified, except that the court may allow more compensation if:
(1)The duties of the trustee are substantially different from those contemplated when the trust was created; or
(2)the compensation specified by the terms of the trust would be unreasonably low.
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