RCW 11.104B.150
220 words·~1 min read·
/wa/title-11/chapter-11-104b/11-104b-150·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)Except as otherwise provided in RCW 11.104B.180 (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 RCW 11.104B.180 (2)(a), a unitrust policy may provide:
(a)A limit on how high the unitrust rate determined under subsection (1)(b) of this section may rise;
(b)A limit on how low the unitrust rate determined under subsection (1)(b) of this section may fall;
(c)A limit on how much the unitrust rate determined under subsection (1)(b) of this section 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) of this section 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) of this section and
(a)through
(d)of this subsection.
[ 2021 c 140 s 2306 .]