{"data":{"id":"us-ks/k.s.a.-58-9a-301","jurisdiction":"us-ks","citation":"K.S.A. 58-9a-301","heading":"Definitions related to unitrusts.","body":"In K.S.A. 58-9a-301 through 58-9a-309, and amendments thereto:\n(a) \"Applicable value\" means the amount of the net fair market value of a trust taken into account under K.S.A. 58-9a-307, and amendments thereto.\n(b) \"Express unitrust\" means a trust for which, under the terms of the trust without regard to K.S.A. 58-9a-301 through 58-9a-309, and amendments thereto, income or net income must or may be calculated as a unitrust amount.\n(c) \"Income trust\" means a trust that is not a unitrust.\n(d) \"Net fair market value of a trust\" means the fair market value of the assets of the trust, less the noncontingent liabilities of the trust.\n(e) \"Unitrust\" means a trust for which net income is a unitrust amount. The term includes an express unitrust.\n(f) \"Unitrust amount\" means an amount computed by multiplying a determined value of a trust by a determined percentage. For a unitrust administered under a unitrust policy, the term means the applicable value, multiplied by the unitrust rate.\n(g) \"Unitrust policy\" means a policy described in K.S.A. 58-9a-305 through 58-9a-309, and amendments thereto, and adopted under K.S.A. 58-9a-303, and amendments thereto.\n(h) \"Unitrust rate\" means the rate used to compute the unitrust amount under subsection (f) for a unitrust administered under a unitrust policy.","path":["Chapter 58.—PERSONAL AND REAL PROPERTY","Article 9a.—UNIFORM FIDUCIARY INCOME AND PRINCIPAL ACT"],"source_url":"https://www.ksrevisor.gov/statutes/chapters/ch58/058_009a_0301.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-10-15T06:21:01Z","sha256":"17249b9e72f5c06966a34d666373583d4fbf9bd7ac3fb0ec0ae9dcf06eba6f4a","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-58-9a-203","next":"us-ks/k.s.a.-58-9a-302"},"notice":"GroundRules: Original legal text. Not legal advice."}