Funds held by a bank or trust company in a fiduciary capacity shall be invested in accordance with any one or more of the following:

1. (a) the instrument establishing the fiduciary relationship;
2. (b) any order of the probate or other court; or
3. (c) any and all Kansas statutes and regulations applicable, including but not limited to K.S.A. 17-5004, K.S.A. 9-1609, and K.A.R. 17-23-11 and amendments thereto.

(Authorized by K.S.A. 9-1713; implementing K.S.A. 9-1601, K.S.A. 9-1611, K.S.A. 9-2103; effective Feb. 28, 1994.)