Utah § 75A-5-308 Period.

Utah Statutes

§ 75A-5-308 — Period.

Utah § 75A-5-308

Title 75AFiduciaries

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

Part 75A-5-3Unitrust

This text of Utah § 75A-5-308 (Period.) 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-5-308 (2026).

Text

(1)(1)(a) A unitrust policy shall provide the period used under Sections 75A-5-306 and 75A-5-307.

(1)(b) Except as otherwise provided in Subsection 22-3-309(2)(c), the period may be:

(1)(b)(i) a calendar year;

(1)(b)(ii) a 12-month period other than a calendar year;

(1)(b)(iii) a calendar quarter;

(1)(b)(iv) a three-month period other than a calendar quarter; or

(1)(b)(v) another period.

(2)Except as otherwise provided in Subsection 75A-5-309(2), a unitrust policy may provide standards for:

(2)(a) using fewer preceding periods under Subsection 75A-5-306(1)(b)(ii), (2)(c), or (2)(d) if:

(2)(a)(i) the trust was not in existence in a preceding period; or

(2)(a)(ii) market indices or other published data are not available for a preceding period;

(2)(b) using fewer preceding periods under Sub

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(1) (1)(a) A unitrust policy shall provide the period used under Sections 75A-5-306 and 75A-5-307.
(1)(b) Except as otherwise provided in Subsection 22-3-309(2)(c), the period may be:
(1)(b)(i) a calendar year;
(1)(b)(ii) a 12-month period other than a calendar year;
(1)(b)(iii) a calendar quarter;
(1)(b)(iv) a three-month period other than a calendar quarter; or
(1)(b)(v) another period.
(2) Except as otherwise provided in Subsection 75A-5-309(2), a unitrust policy may provide standards for:
(2)(a) using fewer preceding periods under Subsection 75A-5-306(1)(b)(ii), (2)(c), or (2)(d) if:
(2)(a)(i) the trust was not in existence in a preceding period; or
(2)(a)(ii) market indices or other published data are not available for a preceding period;
(2)(b) using fewer preceding periods under Subsection 75A-5-307(2)(e)(i), (e)(ii), (f)(ii), or (g)(ii) if:
(2)(b)(i) the trust was not in existence in a preceding period; or
(2)(b)(ii) fair market values are not available for a preceding period; and
(2)(c) 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.