{"data":{"id":"us-ks/k.s.a.-58-9a-415","jurisdiction":"us-ks","citation":"K.S.A. 58-9a-415","heading":"Receipts from asset-backed security.","body":"(a) Except as otherwise provided in subsection (b), a fiduciary shall allocate to income a receipt from or related to an asset-backed security, to the extent the payor identifies the payment as being from interest or other current return, and to principal the balance of the receipt.\n(b) If a fiduciary receives one or more payments in exchange for part or all of the fiduciary's interest in an asset-backed security, including a liquidation or redemption of the fiduciary's interest in the security, the fiduciary shall allocate to income 10% of receipts from the transaction and 10% of disbursements made in connection with the transaction, and to principal the balance of the receipts and disbursements.","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_0415.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-10-15T06:21:01Z","sha256":"63be78e69a7b06fb511e5e54121740cbf6a3fffaaa0d60bfac176c2063b77a93","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-58-9a-414","next":"us-ks/k.s.a.-58-9a-416"},"notice":"GroundRules: Original legal text. Not legal advice."}