Ark. Code Ann. § 28-77-305: Unitrust policy

(a) In administering a unitrust under this subchapter, a fiduciary shall follow a unitrust policy adopted under § 28-77-303(a)(1) or § 28-77-303(a)(2) or amended or replaced under § 28-77-303(a)(2) . (b) A unitrust policy must provide: (1) the unitrust rate or the method for determining the unitrust rate under § 28-77-306 ; (2) the method for determining the applicable value under § 28-77-307 ; and (3) the rules described in §§ 28-77-306 through 28-77-309 which apply in the administration of the unitrust, whether the rules are: (A) mandatory, as provided in § 28-77-307(a) and § 28-77-308(a) ; or (B) optional, as provided in § 28-77-306 , § 28-77-307(b) , § 28-77-308(b) , and § 28-77-309(a) , to the extent the fiduciary elects to adopt those rules. Added by Act 2021, No. 1088,§ 2, eff. 1/1/2022.

(a) In administering a unitrust under this subchapter, a fiduciary shall follow a unitrust policy adopted under § 28-77-303(a)(1) or § 28-77-303(a)(2) or amended or replaced under § 28-77-303(a)(2) .

(b) A unitrust policy must provide: (1) the unitrust rate or the method for determining the unitrust rate under § 28-77-306 ; (2) the method for determining the applicable value under § 28-77-307 ; and (3) the rules described in §§ 28-77-306 through 28-77-309 which apply in the administration of the unitrust, whether the rules are: (A) mandatory, as provided in § 28-77-307(a) and § 28-77-308(a) ; or (B) optional, as provided in § 28-77-306 , § 28-77-307(b) , § 28-77-308(b) , and § 28-77-309(a) , to the extent the fiduciary elects to adopt those rules.

(1) the unitrust rate or the method for determining the unitrust rate under § 28-77-306 ;

(2) the method for determining the applicable value under § 28-77-307 ; and

(3) the rules described in §§ 28-77-306 through 28-77-309 which apply in the administration of the unitrust, whether the rules are: (A) mandatory, as provided in § 28-77-307(a) and § 28-77-308(a) ; or (B) optional, as provided in § 28-77-306 , § 28-77-307(b) , § 28-77-308(b) , and § 28-77-309(a) , to the extent the fiduciary elects to adopt those rules.

(A) mandatory, as provided in § 28-77-307(a) and § 28-77-308(a) ; or

(B) optional, as provided in § 28-77-306 , § 28-77-307(b) , § 28-77-308(b) , and § 28-77-309(a) , to the extent the fiduciary elects to adopt those rules.