Ark. Code Ann. § 28-77-306: Unitrust rate

(a) Except as otherwise provided in § 28-77-309(b)(1) , a unitrust rate may be: (1) a fixed unitrust rate; or (2) a unitrust rate that is determined for each period using: (A) a market index or other published data; or (B) a mathematical blend of market indices or other published data over a stated number of preceding periods. (b) Except as otherwise provided in § 28-77-309(b)(1) , a unitrust policy may provide: (1) a limit on how high the unitrust rate determined under subsection (a)(2) may rise; (2) a limit on how low the unitrust rate determined under subsection (a)(2) may fall; (3) a limit on how much the unitrust rate determined under subsection (a)(2) may increase over the unitrust rate for the preceding period or a mathematical blend of unitrust rates over a stated number of preceding periods; (4) a limit on how much the unitrust rate determined under subsection (a)(2) 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 (5) a mathematical blend of any of the unitrust rates determined under subsection (a)(2) and paragraphs (1) through (4). Added by Act 2021, No. 1088,§ 2, eff. 1/1/2022.

(a) Except as otherwise provided in § 28-77-309(b)(1) , a unitrust rate may be: (1) a fixed unitrust rate; or (2) a unitrust rate that is determined for each period using: (A) a market index or other published data; or (B) a mathematical blend of market indices or other published data over a stated number of preceding periods.

(1) a fixed unitrust rate; or

(2) a unitrust rate that is determined for each period using: (A) a market index or other published data; or (B) a mathematical blend of market indices or other published data over a stated number of preceding periods.

(A) a market index or other published data; or

(B) a mathematical blend of market indices or other published data over a stated number of preceding periods.

(b) Except as otherwise provided in § 28-77-309(b)(1) , a unitrust policy may provide: (1) a limit on how high the unitrust rate determined under subsection (a)(2) may rise; (2) a limit on how low the unitrust rate determined under subsection (a)(2) may fall; (3) a limit on how much the unitrust rate determined under subsection (a)(2) may increase over the unitrust rate for the preceding period or a mathematical blend of unitrust rates over a stated number of preceding periods; (4) a limit on how much the unitrust rate determined under subsection (a)(2) 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 (5) a mathematical blend of any of the unitrust rates determined under subsection (a)(2) and paragraphs (1) through (4).

(1) a limit on how high the unitrust rate determined under subsection (a)(2) may rise;

(2) a limit on how low the unitrust rate determined under subsection (a)(2) may fall;

(3) a limit on how much the unitrust rate determined under subsection (a)(2) may increase over the unitrust rate for the preceding period or a mathematical blend of unitrust rates over a stated number of preceding periods;

(4) a limit on how much the unitrust rate determined under subsection (a)(2) 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

(5) a mathematical blend of any of the unitrust rates determined under subsection (a)(2) and paragraphs (1) through (4).