{"data":{"id":"us-ks/k.s.a.-58-24a01","jurisdiction":"us-ks","citation":"K.S.A. 58-24a01","heading":"Prudent investor rule.","body":"(a) Except as otherwise provided in subsection (b), a fiduciary who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule set forth in this act.\n(b) The prudent investor rule, a default rule, may be expanded, restricted, eliminated or otherwise altered by the provisions of a trust. A fiduciary is not liable to a beneficiary to the extent that the fiduciary acted in reasonable reliance on the provisions of the trust.\n(c) As used in this act, \"fiduciary\" means a personal representative or a trustee. The term includes an executor, administrator, successor personal representative, special administrator, and a person performing substantially the same function.","path":["Chapter 58.—PERSONAL AND REAL PROPERTY","Article 24a.—UNIFORM PRUDENT INVESTOR ACT"],"source_url":"https://www.ksrevisor.gov/statutes/chapters/ch58/058_024a_0001.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-10-15T06:20:16Z","sha256":"b27a80ef7d1fab1fe7671ff6c36c583087481e59849d568c7ed136032370b12b","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-58-2438","next":"us-ks/k.s.a.-58-24a02"},"notice":"GroundRules: Original legal text. Not legal advice."}