{"data":{"id":"us-ks/k.s.a.-58-9a-308","jurisdiction":"us-ks","citation":"K.S.A. 58-9a-308","heading":"Period required; optional standards.","body":"(a) A unitrust policy must provide the period used under K.S.A. 58-9a-306 and 58-9a-307, and amendments thereto. Except as otherwise provided in K.S.A. 58-9a-309(b)(3), and amendments thereto, the period may be:\n(1) A calendar year;\n(2) a 12-month period other than a calendar year;\n(3) a calendar quarter;\n(4) a three-month period other than a calendar quarter; or\n(5) another period.\n(b) Except as otherwise provided in K.S.A. 58-9a-309(b), and amendments thereto, a unitrust policy may provide standards for:\n(1) Using fewer preceding periods under K.S.A. 58-9a-306(a)(2)(B), (b)(3) or (b)(4), and amendments thereto, if:\n(A) The trust was not in existence in a preceding period; or\n(B) market indices or other published data are not available for a preceding period;\n(2) using fewer preceding periods under K.S.A. 58-9a-307(b)(5)(A) or (B), (6)(B) or (7)(B), and amendments thereto, if:\n(A) The trust was not in existence in a preceding period; or\n(B) fair market values are not available for a preceding period; and\n(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.","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_0308.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-10-15T06:21:01Z","sha256":"4734f819c33a89733930f5cf6199939b34746b8053558f89b5e8a046a31cb6ba","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-58-9a-307","next":"us-ks/k.s.a.-58-9a-309"},"notice":"GroundRules: Original legal text. Not legal advice."}