RCW 11.104B.140
132 words·~1 min read·
/wa/title-11/chapter-11-104b/11-104b-140·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)In administering a unitrust under this article, a fiduciary shall follow a unitrust policy adopted under RCW 11.104B.120
(a)or
(b)or amended or replaced under RCW 11.104B.120 (1)(b).
(2)A unitrust policy must provide:
(a)The unitrust rate or the method for determining the unitrust rate under RCW 11.104B.150 ;
(b)The method for determining the applicable value under RCW 11.104B.160 ; and
(c)The rules described in RCW 11.104B.150 through 11.104B.180 , which apply in the administration of the unitrust, whether the rules are:
(i)Mandatory, as provided in RCW 11.104B.160
(1)and 11.104B.170 (1); or
(ii)Optional, as provided in RCW 11.104B.150 , 11.104B.160 (2), 11.104B.170 (2), and 11.104B.180 (1), to the extent the fiduciary elects to adopt those rules.
[ 2021 c 140 s 2305 .]