2021 Kansas Statutes
Chapter 58 - Personal And Real Property
Article 9a - Uniform Fiduciary Income And Principal Act
58-9a,306 Same; unitrust rate.
58-9a-306. Same; unitrust rate.
(a) Except as otherwise provided in K.S.A. 2021 Supp. 58-9a-309(b)(1), and amendments thereto, a unitrust rate may be:
(1) A fixed unitrust rate; or
(2) a unitrust rate that is determined for each period using:
(A) A market index or other published data; or
(B) a mathematical blend of market indices or other published data over a stated number of preceding periods.
(b) Except as otherwise provided in K.S.A. 2021 Supp. 58-9a-309(b)(1), and amendments thereto, a unitrust policy may provide:
(1) A limit on how high the unitrust rate determined under subsection (a)(2) may rise;
(2) a limit on how low the unitrust rate determined under subsection (a)(2) may fall;
(3) a limit on how much the unitrust rate determined under subsection (a)(2) may increase over the unitrust rate for the preceding period or a mathematical blend of unitrust rates over a stated number of preceding periods;
(4) a limit on how much the unitrust rate determined under subsection (a)(2) may decrease below the unitrust rate for the preceding period or a mathematical blend of unitrust rates over a stated number of preceding periods; or
(5) a mathematical blend of any of the unitrust rates determined under subsection (a)(2) and paragraphs (1) through (4).
History: L. 2021, ch. 63, ยง 13; July 1.
