Arkansas § 28-77-308 Period

Arkansas Statutes

§ 28-77-308 — Period

Arkansas § 28-77-308

Title28

This text of Arkansas § 28-77-308 (Period) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 28-77-308 (2026).

Text

(a)A unitrust policy must provide the period used under §§ 28-77-306 and 28-77-307 . Except as otherwise provided in § 28-77-309(b)(3) , the period may be:

(1)a calendar year;

(2)a 12-month period other than a calendar year;

(3)a calendar quarter;

(4)a three-month period other than a calendar quarter; or (5) another period.

(b)Except as otherwise provided in § 28-77-309(b) , a unitrust policy may provide standards for:

(1)using fewer preceding periods under § 28-77-306(a)(2)(B) or § 28-77-306(b)(3) or § 28-77-306(b)(4) if:

(A)the trust was not in existence in a preceding period; or (B) market indices or other published data are not available for a preceding period;

(2)using fewer preceding periods under § 28-77-307(b)(5)(A) or § 28-77-307(b)(5)(B) , § 28-77-307(b)(6)(B) , or § 28-

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(a) A unitrust policy must provide the period used under §§ 28-77-306 and 28-77-307 . Except as otherwise provided in § 28-77-309(b)(3) , the period may be: (1) a calendar year; (2) a 12-month period other than a calendar year; (3) a calendar quarter; (4) a three-month period other than a calendar quarter; or (5) another period. (b) Except as otherwise provided in § 28-77-309(b) , a unitrust policy may provide standards for: (1) using fewer preceding periods under § 28-77-306(a)(2)(B) or § 28-77-306(b)(3) or § 28-77-306(b)(4) if: (A) the trust was not in existence in a preceding period; or (B) market indices or other published data are not available for a preceding period; (2) using fewer preceding periods under § 28-77-307(b)(5)(A) or § 28-77-307(b)(5)(B) , § 28-77-307(b)(6)(B) , or § 28-77-307(b)(7)(B) if: (A) the trust was not in existence in a preceding period; or (B) fair market values are not available for a preceding period; and (3) prorating the unitrust amount on a daily basis for a part of a period in which the trust or the administration of the trust as a unitrust or the interest of any beneficiary commences or terminates.