Kansas § 58-9a-504 Reimbursement of income from principal

Kansas Statutes

§ 58-9a-504 — Reimbursement of income from principal

Kansas § 58-9a-504

Ch. 58PERSONAL AND REAL PROPERTY

Art. 9aUNIFORM FIDUCIARY INCOME AND PRINCIPAL ACT

This text of Kansas § 58-9a-504 (Reimbursement of income from principal) 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-504 (2026).

Text

(a)If a fiduciary makes or expects to make an income disbursement described in subsection (b), the fiduciary may transfer an appropriate amount from principal to income in one or more accounting periods to reimburse income.

(b)To the extent the fiduciary has not been and does not expect to be reimbursed by a third party, income disbursements to which subsection (a) applies include:

(1)An amount chargeable to principal but paid from income because principal is illiquid;

(2)a disbursement made to prepare property for sale, including improvements and commissions; and

(3)a disbursement described in K.S.A. 2024 Supp. 58-9a-502(a), and amendments thereto.

(c)If an asset whose ownership gives rise to an income disbursement becomes subject to a successive interest after an income interest en

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(a) If a fiduciary makes or expects to make an income disbursement described in subsection (b), the fiduciary may transfer an appropriate amount from principal to income in one or more accounting periods to reimburse income.
(b) To the extent the fiduciary has not been and does not expect to be reimbursed by a third party, income disbursements to which subsection (a) applies include:
(1) An amount chargeable to principal but paid from income because principal is illiquid;
(2) a disbursement made to prepare property for sale, including improvements and commissions; and
(3) a disbursement described in K.S.A. 2024 Supp. 58-9a-502(a), and amendments thereto.
(c) If an asset whose ownership gives rise to an income disbursement becomes subject to a successive interest after an income interest ends, the fiduciary may continue to make transfers under subsection (a).