RCW 11.104B.170
197 words·~1 min read·
/wa/title-11/chapter-11-104b/11-104b-170·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)A unitrust policy must provide the period used under RCW 11.104B.150 and 11.104B.160 . Except as otherwise provided in RCW 11.104B.180 (2)(c), the period may be:
(a)A calendar year;
(b)A 12-month period other than a calendar year;
(c)A calendar quarter;
(d)A three-month period other than a calendar quarter; or
(e)Another period.
(2)Except as otherwise provided in RCW 11.104B.180 (2), a unitrust policy may provide standards for:
(a)Using fewer preceding periods under RCW 11.104B.150 (1)(b)(ii) or (2)(c) or
(d)if:
(i)The trust was not in existence in a preceding period; or
(ii)Market indices or other published data are not available for a preceding period;
(b)Using fewer preceding periods under RCW 11.104B.160
(2)(e)(i) or (ii), (f)(ii), or (g)(ii) if:
(i)The trust was not in existence in a preceding period; or
(ii)Fair market values are not available for a preceding period; and
(c)Prorating the unitrust amount on a daily basis for a part of a period in which the trust or the administration of the trust as a unitrust or the interest of any beneficiary commences or terminates.
[ 2021 c 140 s 2308 .]