Uniform Principal and Income Act (1997) | Midpage

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Kansas Statutes

Article 9

Uniform Principal and Income Act (1997)

58-9-101Short title 58-9-102Definitions 58-9-103Fiduciary duties; general principles 58-9-104Trustee's power to adjust 58-9-105Conversion of trust into unitrust; exceptions 58-9-106Income standard, no presumption concerning fiduciary duty 58-9-201Determination and distribution of net income 58-9-202Distribution to residuary and remainder beneficiaries 58-9-301When right to income begins and ends 58-9-302Apportionment of receipts and disbursements when decedent dies or income interest begins 58-9-303Apportionment when income interest ends 58-9-401Character of receipts 58-9-402Distribution from trust or estate 58-9-403Business and other activities conducted by trustee 58-9-404Principal receipts 58-9-405Rental property 58-9-406Obligation to pay money 58-9-407Insurance policies and similar contracts 58-9-408Insubstantial allocations not required 58-9-409Deferred compensation, annuities and similar payments 58-9-410Liquidating asset 58-9-411Minerals, water and other natural resources 58-9-412Timber 58-9-413Property not productive of income 58-9-414Derivatives and options 58-9-415Asset-backed securities 58-9-501Disbursements from income 58-9-502Disbursements from principal 58-9-503Transfers from income to principal for depreciation 58-9-504Transfers from income to reimburse principal 58-9-505Income taxes 58-9-506Adjustments between principal and income because of taxes 58-9-601Application of act 58-9-602Uniformity of application and construction 58-9-603Severability clause 58-9-606Transitional matters