2018 Kansas Statutes
Chapter 58 PERSONAL AND REAL PROPERTY
Article 11 TRUSTS OF PERSONAL PROPERTY
58-1102 Same; income from trust property; accumulation.
58-1102. Same; income from trust property; accumulation. The income arising from any personal property held in a trust created as part of a stock bonus plan, pension plan, disability or death benefit plan, or profit-sharing plan, or retirement plan, for the exclusive benefit of employees, or self-employed persons, to which contributions are made by an employer, or employees, or both, or by such self-employed persons, for the purpose of distributing in accordance with such plan to such employees or self-employed persons, the earnings or the principal, or both earnings and principal of the trust fund, may be permitted to accumulate until the fund shall be sufficient to accomplish the purposes of such plan.
History: L. 1959, ch. 240, § 2; June 30.
