Utah § 75A-5-305 Unitrust policy.

Utah Statutes

§ 75A-5-305 — Unitrust policy.

Utah § 75A-5-305

Title 75AFiduciaries

Ch. 75A-5Uniform Fiduciary Income and Principal Act

Part 75A-5-3Unitrust

This text of Utah § 75A-5-305 (Unitrust policy.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 75A-5-305 (2026).

Text

(1)In administering a unitrust under this part, a fiduciary shall follow a unitrust policy:

(1)(a) adopted under Subsection 75A-5-303(1)(a) or (b); or

(1)(b) amended or replaced under Subsection 75A-5-303(1)(b).

(2)A unitrust policy shall provide:

(2)(a) the unitrust rate or the method for determining the unitrust rate under Section 75A-5-306;

(2)(b) the method for determining the applicable value under Section 75A-5-307; and

(2)(c) the rules described in Sections 75A-5-306 through 75A-5-309 that apply in the administration of the unitrust, regardless of whether the rules are:

(2)(c)(i) mandatory, as provided in Subsections 75A-5-307(1) and 75A-5-308(1); or

(2)(c)(ii) optional, as provided in Section 75A-5-306 and Subsections 75A-5-307(2), 75A-5-308(2), and 75A-5-309(1), to the extent th

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(1) In administering a unitrust under this part, a fiduciary shall follow a unitrust policy:
(1)(a) adopted under Subsection 75A-5-303(1)(a) or (b); or
(1)(b) amended or replaced under Subsection 75A-5-303(1)(b).
(2) A unitrust policy shall provide:
(2)(a) the unitrust rate or the method for determining the unitrust rate under Section 75A-5-306;
(2)(b) the method for determining the applicable value under Section 75A-5-307; and
(2)(c) the rules described in Sections 75A-5-306 through 75A-5-309 that apply in the administration of the unitrust, regardless of whether the rules are:
(2)(c)(i) mandatory, as provided in Subsections 75A-5-307(1) and 75A-5-308(1); or
(2)(c)(ii) optional, as provided in Section 75A-5-306 and Subsections 75A-5-307(2), 75A-5-308(2), and 75A-5-309(1), to the extent the fiduciary elects to adopt those rules.