Kansas § 58-9a-308 Same; period required; optional standards

Kansas Statutes

§ 58-9a-308 — Same; period required; optional standards

Kansas § 58-9a-308

Ch. 58PERSONAL AND REAL PROPERTY

Art. 9aUNIFORM FIDUCIARY INCOME AND PRINCIPAL ACT

This text of Kansas § 58-9a-308 (Same; period required; optional standards) 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-308 (2026).

Text

(a)A unitrust policy must provide the period used under K.S.A. 2024 Supp. 58-9a-306 and 58-9a-307, and amendments thereto. Except as otherwise provided in K.S.A. 2024 Supp. 58-9a-309(b)(3), and amendments thereto, the period may be:

(1)A calendar year;

(2)a 12-month period other than a calendar year;

(3)a calendar quarter;

(4)a three-month period other than a calendar quarter; or

(5)another period.

(b)Except as otherwise provided in K.S.A. 2024 Supp. 58-9a-309(b), and amendments thereto, a unitrust policy may provide standards for:

(1)Using fewer preceding periods under K.S.A. 2024 Supp. 58-9a-306(a)(2)(B), (b)(3) or (b)(4), and amendments thereto, if:

(A)The trust was not in existence in a preceding period; or

(B)market indices or other published data are not available for a pre

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(a) A unitrust policy must provide the period used under K.S.A. 2024 Supp. 58-9a-306 and 58-9a-307, and amendments thereto. Except as otherwise provided in K.S.A. 2024 Supp. 58-9a-309(b)(3), and amendments thereto, the period may be:
(1) A calendar year;
(2) a 12-month period other than a calendar year;
(3) a calendar quarter;
(4) a three-month period other than a calendar quarter; or
(5) another period.
(b) Except as otherwise provided in K.S.A. 2024 Supp. 58-9a-309(b), and amendments thereto, a unitrust policy may provide standards for:
(1) Using fewer preceding periods under K.S.A. 2024 Supp. 58-9a-306(a)(2)(B), (b)(3) or (b)(4), and amendments thereto, if:
(A) The trust was not in existence in a preceding period; or
(B) market indices or other published data are not available for a preceding period;
(2) using fewer preceding periods under K.S.A. 2024 Supp. 58-9a-307(b)(5)(A) or (B), (6)(B) or (7)(B), and amendments thereto, if:
(A) The trust was not in existence in a preceding period; or
(B) fair market values are not available for a preceding period; and
(3) prorating the unitrust amount on a daily basis for a part of a period in which the trust or the administration of the trust as a unitrust or the interest of any beneficiary commences or terminates.