Utah Code 75A-5-306. Unitrust rate
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(1) Except as otherwise provided in Subsection 75A-5-309 (2)(a), a unitrust rate may be:
Terms Used In Utah Code 75A-5-306
- Unitrust: includes an express unitrust. See Utah Code 75A-5-301
- Unitrust policy: means a policy described in Sections
75A-5-305 through75A-5-309 and adopted under Section75A-5-303 . See Utah Code 75A-5-301 - Unitrust rate: means the rate used to compute the unitrust amount under Subsection (6) for a unitrust administered under a unitrust policy. See Utah Code 75A-5-301
(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 unitrust rates over a stated number of preceding periods;
(2)(d) a limit on how much the unitrust rate determined under Subsection (1)(b) 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
(2)(e) a mathematical blend of any of the unitrust rates determined under Subsection (1)(b) and Subsections (2)(a) through (d).