{"data":{"id":"us-ks/k.s.a.-58-9a-404","jurisdiction":"us-ks","citation":"K.S.A. 58-9a-404","heading":"Principal receipts.","body":"A fiduciary shall allocate to principal:\n(a) To the extent not allocated to income under this act, an asset received from:\n(1) An individual during the individual's lifetime;\n(2) an estate;\n(3) a trust on termination of an income interest; or\n(4) a payor under a contract naming the fiduciary as beneficiary;\n(b) except as otherwise provided in K.S.A. 58-9a-401 through 58-9a-416, and amendments thereto, money or other property received from the sale, exchange, liquidation or change in form of a principal asset;\n(c) an amount recovered from a third party to reimburse the fiduciary because of a disbursement described in K.S.A. 58-9a-502(a), and amendments thereto, or for another reason to the extent not based on loss of income;\n(d) proceeds of property taken by eminent domain, except that proceeds awarded for loss of income in an accounting period are income if a current income beneficiary had a mandatory income interest during the period;\n(e) net income received in an accounting period during which there is no beneficiary to which a fiduciary may or must distribute income; and\n(f) other receipts as provided in K.S.A. 58-9a-408 through 58-9a-416, and amendments thereto.","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_0404.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-10-15T06:21:01Z","sha256":"3c5d58f1dd476efb8147b3bd5aa94a230b5b8a8cbbfb10fb18069bb77fb5dcba","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-58-9a-403","next":"us-ks/k.s.a.-58-9a-405"},"notice":"GroundRules: Original legal text. Not legal advice."}