{"data":{"id":"us-ks/k.s.a.-58-9a-408","jurisdiction":"us-ks","citation":"K.S.A. 58-9a-408","heading":"Insubstantial allocation not required.","body":"(a) If a fiduciary determines that an allocation between income and principal required by K.S.A. 58-9a-409, 58-9a-410, 58-9a-411, 58-9a-412 or 58-9a-415, and amendments thereto, is insubstantial, the fiduciary may allocate the entire amount to principal, unless K.S.A. 58-9a-203(e), and amendments thereto, applies to the allocation.\n(b) A fiduciary may presume an allocation is insubstantial under subsection (a) if:\n(1) The amount of the allocation would increase or decrease net income in an accounting period, as determined before the allocation, by less than 10%; and\n(2) the asset producing the receipt to be allocated has a fair market value less than 10% of the total fair market value of the assets owned or held by the fiduciary at the beginning of the accounting period.\n(c) The power to make a determination under subsection (a) may be:\n(1) Exercised by a co-fiduciary in the manner described in K.S.A. 58-9a-203(f), and amendments thereto; or\n(2) released or delegated for a reason described in K.S.A. 58-9a-203(g), and amendments thereto, and in the manner described in K.S.A. 58-9a-203(h), 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_0408.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-10-15T06:21:01Z","sha256":"e02cdfacbff3a83849a76339b6dd2c708dd9688bdb122cb1a6b3546eebe993bd","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-58-9a-407","next":"us-ks/k.s.a.-58-9a-409"},"notice":"GroundRules: Original legal text. Not legal advice."}