Kansas § 58-9a-305 Unitrust policy; requirements

Kansas Statutes

§ 58-9a-305 — Unitrust policy; requirements

Kansas § 58-9a-305

Ch. 58PERSONAL AND REAL PROPERTY

Art. 9aUNIFORM FIDUCIARY INCOME AND PRINCIPAL ACT

This text of Kansas § 58-9a-305 (Unitrust policy; requirements) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 58-9a-305 (2026).

Text

(a)In administering a unitrust under K.S.A. 2024 Supp. 58-9a-301 through 58-9a-309, and amendments thereto, a fiduciary shall follow a unitrust policy adopted under K.S.A. 2024 Supp. 58-9a-303(a)(1) or (2), and amendments thereto, or amended or replaced under K.S.A. 2024 Supp. 58-9a-303(a)(2), and amendments thereto.

(b)A unitrust policy must provide:

(1)The unitrust rate or the method for determining the unitrust rate under K.S.A. 2024 Supp. 58-9a-306, and amendments thereto;

(2)the method for determining the applicable value under K.S.A. 2024 Supp. 58-9a-307, and amendments thereto; and

(3)the rules described in K.S.A. 2024 Supp. 58-9a-306 through 58-9a-309, and amendments thereto, that apply in the administration of the unitrust, whether the rules are:

(A)Mandatory, as provided in

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(a) In administering a unitrust under K.S.A. 2024 Supp. 58-9a-301 through 58-9a-309, and amendments thereto, a fiduciary shall follow a unitrust policy adopted under K.S.A. 2024 Supp. 58-9a-303(a)(1) or (2), and amendments thereto, or amended or replaced under K.S.A. 2024 Supp. 58-9a-303(a)(2), and amendments thereto.
(b) A unitrust policy must provide:
(1) The unitrust rate or the method for determining the unitrust rate under K.S.A. 2024 Supp. 58-9a-306, and amendments thereto;
(2) the method for determining the applicable value under K.S.A. 2024 Supp. 58-9a-307, and amendments thereto; and
(3) the rules described in K.S.A. 2024 Supp. 58-9a-306 through 58-9a-309, and amendments thereto, that apply in the administration of the unitrust, whether the rules are:
(A) Mandatory, as provided in K.S.A. 2024 Supp. 58-9a-307(a) and 58-9a-308(a), and amendments thereto; or
(B) optional, as provided in K.S.A. 2024 Supp. 58-9a-306, 58-9a-307(b), 58-9a-308(b) and 58-9a-309(a), and amendments thereto, to the extent the fiduciary elects to adopt those rules.