58-24a15. Investments of conservators.

58-24a15

Chapter 58.--PERSONAL AND REAL PROPERTY Part 6.--MISCELLANEOUS PROVISIONS Article 24a.--UNIFORM PRUDENT INVESTOR ACT

      58-24a15.   Investments of conservators.Conservators shall not invest funds under their control andmanagement ininvestments other than those specifically permitted byK.S.A. 59-3078, andamendments thereto, except upon the entry of an order of a court of competentjurisdiction, after a hearing on a verified petition. Before authorizing anysuch investment, the court shall require evidence of value and advisability ofsuch purchase.

      History:   L. 2000, ch. 80, § 10;L. 2002, ch. 114, § 58; July 1.