K.S.A. 9-2318: Indemnification of trust advisor; exceptions.
Where this section sits in the code
- Chapter 9.—BANKS AND BANKING; TRUST COMPANIES
- Article 23.—TECHNOLOGY-ENABLED FIDUCIARY FINANCIAL INSTITUTIONS
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.
Collected 2026-09-04T15:10:05Z. Source file · JSON