State Codes and Statutes

Statutes > Kansas > Chapter58 > Article24 > Statutes_22491

58-2432

Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 24.--TRUSTS AND POWERS

58-2432. Same; trust instruments and acceptance, recording; bindingcontract.All instruments or wills creating trusts under the provisions of thisact, together with the written acceptance of the beneficial interestendorsed thereon, shall be recorded in the office of the county clerk ofeach county wherein is situated any real estate, or any interest therein,belonging to said trust, as well as in the county wherein is located thetrust property or wherein is conducted its principal operations. Upon theacceptance of the beneficial interest by the beneficiary as hereinaboveauthorized and provided, the same shall be and constitute a bindingcontract between the state of Kansas or counties, municipalities, politicalor governmental subdivisions and the grantor or grantors, or the executorof the estate of the testator, for the acceptance of the beneficialinterest in the trust property by the designated beneficiary and theapplication of the proceeds of the trust property and its operation for thepurposes, and in accordance with the stipulations specified by the trustoror trustors.

History: L. 1974, ch. 235, § 2; July 1.

State Codes and Statutes

Statutes > Kansas > Chapter58 > Article24 > Statutes_22491

58-2432

Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 24.--TRUSTS AND POWERS

58-2432. Same; trust instruments and acceptance, recording; bindingcontract.All instruments or wills creating trusts under the provisions of thisact, together with the written acceptance of the beneficial interestendorsed thereon, shall be recorded in the office of the county clerk ofeach county wherein is situated any real estate, or any interest therein,belonging to said trust, as well as in the county wherein is located thetrust property or wherein is conducted its principal operations. Upon theacceptance of the beneficial interest by the beneficiary as hereinaboveauthorized and provided, the same shall be and constitute a bindingcontract between the state of Kansas or counties, municipalities, politicalor governmental subdivisions and the grantor or grantors, or the executorof the estate of the testator, for the acceptance of the beneficialinterest in the trust property by the designated beneficiary and theapplication of the proceeds of the trust property and its operation for thepurposes, and in accordance with the stipulations specified by the trustoror trustors.

History: L. 1974, ch. 235, § 2; July 1.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Kansas > Chapter58 > Article24 > Statutes_22491

58-2432

Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 24.--TRUSTS AND POWERS

58-2432. Same; trust instruments and acceptance, recording; bindingcontract.All instruments or wills creating trusts under the provisions of thisact, together with the written acceptance of the beneficial interestendorsed thereon, shall be recorded in the office of the county clerk ofeach county wherein is situated any real estate, or any interest therein,belonging to said trust, as well as in the county wherein is located thetrust property or wherein is conducted its principal operations. Upon theacceptance of the beneficial interest by the beneficiary as hereinaboveauthorized and provided, the same shall be and constitute a bindingcontract between the state of Kansas or counties, municipalities, politicalor governmental subdivisions and the grantor or grantors, or the executorof the estate of the testator, for the acceptance of the beneficialinterest in the trust property by the designated beneficiary and theapplication of the proceeds of the trust property and its operation for thepurposes, and in accordance with the stipulations specified by the trustoror trustors.

History: L. 1974, ch. 235, § 2; July 1.