§ 15-1.2-306 — Unitrust rate

Colorado § 15-1.2-306

• Jurisdiction: Colorado
• Title 15: Probate,
• Art.: Uniform Fiduciary Income and Principal Act

Text

(1) Except as otherwise provided in section 15-1.2-309 (2)(a), a unitrust rate may be:

(a) A fixed unitrust rate; or

(b) A unitrust rate that is determined for each period using:

(I) A market index or other published data; or

(II) A mathematical blend of market indices or other published data over a
stated number of preceding periods.

(2) Except as otherwise provided in section 15-1.2-309 (2)(a), a unitrust policy
may provide:

(a) A limit on how high the unitrust rate determined under subsection (1)(b) of
this section may rise;

(b) A limit on how low the unitrust rate determined under subsection (1)(b) of
this section may fall;

(c) A limit on how much the unitrust rate determined under subsection (1)(b)
of this section may increase over the unitrust rate for the preceding period or a
mathematical blend of unitrust rates over a stated number of preceding periods;

(d) A limit on how much the unitrust rate determined under subsection (1)(b)
of this section 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

(e) A mathematical blend of any of the unitrust rates determined under
subsection (1)(b) of this section and subsections (2)(a) through (2)(d) of this section.

Legislative History

Source: L. 2021: Entire article added, (SB 21-171), ch. 143, p. 815, � 1, effective January 1, 2022.