Virginia § 64.2-1044 Unitrust rate

Virginia Statutes

§ 64.2-1044 — Unitrust rate

Virginia § 64.2-1044

JurisdictionVirginia

Title 64.2Wills, Trusts, and Fiduciaries

Subtitle IIITrusts

Ch. 10.1Uniform Fiduciary Income And Principal Act

Art. 3Unitrust

This text of Virginia § 64.2-1044 (Unitrust rate) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 64.2-1044 (2026).

Text

A.Except as otherwise provided in subdivision B 1 of § 64.2-1047, a unitrust rate may be:

1.A fixed unitrust rate; or

2.A unitrust rate that is determined for each period using:

a.A market index or other published data; or

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

B.Except as otherwise provided in subdivision B 1 of § 64.2-1047, a unitrust policy may provide:

1.A limit on how high the unitrust rate determined under subdivision A 2 may rise;

2.A limit on how low the unitrust rate determined under subdivision A 2 may fall;

3.A limit on how much the unitrust rate determined under subdivision A 2 may increase over the unitrust rate for the preceding period or a mathematical blend of unitrust rates over a stated

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A. Except as otherwise provided in subdivision B 1 of § 64.2-1047, a unitrust rate may be:

1. A fixed unitrust rate; or

2. A unitrust rate that is determined for each period using:

a. A market index or other published data; or

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

B. Except as otherwise provided in subdivision B 1 of § 64.2-1047, a unitrust policy may provide:

1. A limit on how high the unitrust rate determined under subdivision A 2 may rise;

2. A limit on how low the unitrust rate determined under subdivision A 2 may fall;

3. A limit on how much the unitrust rate determined under subdivision A 2 may increase over the unitrust rate for the preceding period or a mathematical blend of unitrust rates over a stated number of preceding periods;

4. A limit on how much the unitrust rate determined under subdivision A 2 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

5. A mathematical blend of any of the unitrust rates determined under subdivision A 2 and subdivisions B 1 through 4.