{"data":{"id":"us-ks/k.s.a.-58-9a-410","jurisdiction":"us-ks","citation":"K.S.A. 58-9a-410","heading":"Receipts produced by a liquidating asset.","body":"(a) In this section, \"liquidating asset\" means an asset whose value will diminish or terminate because the asset is expected to produce receipts for a limited time. The term includes a leasehold, patent, copyright, royalty right and right to receive payments during a period of more than one year under an arrangement that does not provide for the payment of interest on the unpaid balance.\n(b) This section does not apply to a receipt subject to K.S.A. 58-9a-401, 58-9a-409, 58-9a-411, 58-9a-412, 58-9a-414, 58-9a-415, 58-9a-416 or 58-9a-503, and amendments thereto.\n(c) A fiduciary shall allocate:\n(1) To income:\n(A) A receipt produced by a liquidating asset, to the extent the receipt does not exceed 4% of the value of the asset; or\n(B) if the fiduciary cannot determine the value of the asset, 10% of the receipt; and\n(2) to principal, the balance of the receipt.","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_0410.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-10-15T06:21:01Z","sha256":"f42b3d219505ee5a8acf186251a8bc05c37f79ca5fb85eba85c5c9657b6329d3","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-58-9a-409","next":"us-ks/k.s.a.-58-9a-411"},"notice":"GroundRules: Original legal text. Not legal advice."}