{"data":{"id":"us-ks/k.s.a.-58-9a-305","jurisdiction":"us-ks","citation":"K.S.A. 58-9a-305","heading":"Unitrust policy; requirements.","body":"(a) In administering a unitrust under K.S.A. 58-9a-301 through 58-9a-309, and amendments thereto, a fiduciary shall follow a unitrust policy adopted under K.S.A. 58-9a-303(a)(1) or (2), and amendments thereto, or amended or replaced under K.S.A. 58-9a-303(a)(2), and amendments thereto.\n(b) A unitrust policy must provide:\n(1) The unitrust rate or the method for determining the unitrust rate under K.S.A. 58-9a-306, and amendments thereto;\n(2) the method for determining the applicable value under K.S.A. 58-9a-307, and amendments thereto; and\n(3) the rules described in K.S.A. 58-9a-306 through 58-9a-309, and amendments thereto, that apply in the administration of the unitrust, whether the rules are:\n(A) Mandatory, as provided in K.S.A. 58-9a-307(a) and 58-9a-308(a), and amendments thereto; or\n(B) optional, as provided in K.S.A. 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.","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_0305.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-10-15T06:21:01Z","sha256":"9ce7be44cba2ea47ddd8bcd72710689e88ba0251d6440b4cda4c48957f9d99c7","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-58-9a-304","next":"us-ks/k.s.a.-58-9a-306"},"notice":"GroundRules: Original legal text. Not legal advice."}