(1) Except as otherwise provided in Subsection 75A-5-309(2)(a), a unitrust rate may be: (a) a fixed unitrust rate; or (b) a unitrust rate that is determined for each period using: (i) a market index or other published data; or (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: (a) a limit on how high the unitrust rate determined under Subsection (1)(b) may rise; (b) a limit on how low the unitrust rate determined under Subsection (1)(b) may fall; (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; (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 (e) a mathematical blend of any of the unitrust rates determined under Subsection (1)(b) and Subsections (2)(a) through (d). Renumbered and Amended by Chapter 364, 2024 General Session
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