{"data":{"id":"us-ks/k.s.a.-58-9a-505","jurisdiction":"us-ks","citation":"K.S.A. 58-9a-505","heading":"Reimbursement of principal from income.","body":"(a) If a fiduciary makes or expects to make a principal disbursement described in subsection (b), the fiduciary may transfer an appropriate amount from income to principal in one or more accounting periods to reimburse principal or provide a reserve for future principal disbursements.\n(b) To the extent a fiduciary has not been and does not expect to be reimbursed by a third party, principal disbursements to which subsection (a) applies include:\n(1) An amount chargeable to income but paid from principal because income is not sufficient;\n(2) the cost of an improvement to principal, whether a change to an existing asset or the construction of a new asset, including a special assessment;\n(3) a disbursement made to prepare property for rental, including tenant allowances, leasehold improvements and commissions;\n(4) a periodic payment on an obligation secured by a principal asset, to the extent the amount transferred from income to principal for depreciation is less than the periodic payment; and\n(5) a disbursement described in K.S.A. 58-9a-502(a), and amendments thereto.\n(c) If an asset whose ownership gives rise to a principal disbursement becomes subject to a successive interest after an income interest ends, the fiduciary may continue to make transfers under subsection (a).","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_0505.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-10-15T06:21:01Z","sha256":"3b247d64d40668f6427795f05168609a90fe3b7cd282a94b7c5189619a4d999b","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-58-9a-504","next":"us-ks/k.s.a.-58-9a-506"},"notice":"GroundRules: Original legal text. Not legal advice."}