Session Law

Identifying Information:L. 2001 ch. 043
Other Identifying Information:2001 House Bill 2082
Tax Type:Other
Brief Description:An Act concerning nonprobate transfer on death; relating to nontestamentary nature.
Keywords:


Body:

CHAPTER 43

HOUSE BILL No. 2082


An Act concerning nonprobate transfer on death; relating to nontestamentary nature.

Be it enacted by the Legislature of the State of Kansas:

Section 1. (a) A provision in the following for a nonprobate transfer

on death is nontestamentary:

(1) Insurance policy or annuity contract;

(2) contract of employment;

(3) current employee compensation or benefit program;

(4) deferred compensation or pension plan, including programs de-

scribed in sections 401(a), 403(b), 457 or 501(c)(18) of the federal internal

revenue code of 1986 as in effect on January 1, 2001;

(5) individual retirement plan, whether custodial or otherwise; or

(6) account established pursuant to a qualified state tuition program

under section 529 of the federal internal revenue code of 1986 as in effect

on January 1, 2001.

(b) The provisions of subsection (a) do not limit rights of creditors

under other laws of this state.

Sec. 2. This act shall take effect and be in force from and after its

publication in the statute book.

Approved March 27, 2000.


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Date Composed: 09/25/2001 Date Modified: 09/25/2001