Utah Statutes
§ 75A-5-306 — Unitrust rate.
Utah·Title 75A Fiduciaries·Ch. 75A-5 Uniform Fiduciary Income and Principal Act·Part 75A-5-3 Unitrust
(1)Except as otherwise provided in Subsection 75A-5-309(2)(a), a unitrust rate may be:
(1)(a) a fixed unitrust rate; or
(1)(b) a unitrust rate that is determined for each period using:
(1)(b)(i) a market index or other published data; or
(1)(b)(ii) a mathematical blend of market indices or other published data over a stated number of preceding periods.
(2)Except as otherwise provided in Subsection 75A-5-309(2)(a), a unitrust policy may provide:
(2)(a) a limit on how high the unitrust rate determined under Subsection (1)(b) may rise;
(2)(b) a limit on how low the unitrust rate determined under Subsection (1)(b) may fall;
(2)(c) a limit on how much the unitrust rate determined under Subsection (1)(b) may increase over the unitrust rate for the preceding period or a mathematical blend of un
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Legislative History
Renumbered and Amended by Chapter 364, 2024 General Session
Nearby Sections
15
§ 75A-1-101
Definitions for title.§ 75A-1-102
Transition clause.§ 75A-1-201
Definitions for part.§ 75A-1-202
Transactions prior to May 12, 1925.§ 75A-1-203
Payments or transfers made to a fiduciary.§ 75A-1-206
Checks drawn by or payable to a fiduciary.§ 75A-1-207
Bank deposits in the name of a fiduciary.§ 75A-1-208
Checks drawn in name of a principal.§ 75A-1-209
Deposits in a fiduciary's personal account.§ 75A-1-210
Deposits in name of several trustees.§ 75A-2-101
Reserved.§ 75A-2-102
Definitions for chapter.§ 75A-2-103
Applicability.