(a) The Kansas uniform directed trust act applies to a trust, whenever created, that has its principal place of administration in this state, subject to the following rules:
- (1) If the trust was created before July 1, 2022, this act applies only to a decision or action occurring on or after July 1, 2022.
- (2) If the principal place of administration of the trust is changed to this state on or after July 1, 2022, this act applies only to a decision or action occurring on or after July 1, 2022.
(b) Without precluding other means to establish a sufficient connection with the designated jurisdiction in a directed trust, terms of the trust which designate the principal place of administration of the trust are valid and controlling if:
- (1) A trustee's principal place of business is located in or a trustee is a resident of the designated jurisdiction;
- (2) a trust director's principal place of business is located in or a trust director is a resident of the designated jurisdiction; or
- (3) all or part of the administration occurs in the designated jurisdiction.
L. 2022, ch. 16, § 3; July 1.