{"data":{"id":"us-ar/ark.-code-ann.-28-77-306","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 28-77-306","heading":"Unitrust rate","body":"(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.\n\n(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.\n\n(1) a fixed unitrust rate; or\n\n(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.\n\n(A) a market index or other published data; or\n\n(B) a mathematical blend of market indices or other published data over a stated number of preceding periods.\n\n(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).\n\n(1) a limit on how high the unitrust rate determined under subsection (a)(2) may rise;\n\n(2) a limit on how low the unitrust rate determined under subsection (a)(2) may fall;\n\n(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;\n\n(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\n\n(5) a mathematical blend of any of the unitrust rates determined under subsection (a)(2) and paragraphs (1) through (4).","path":["AR Code","Title 28","Chapter 77","Subchapter 3"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"c2cee5371fa78312f449f8def1c4497f13a836a05c8c1e7b70696708d410f65a","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-28-77-305","next":"us-ar/ark.-code-ann.-28-77-307"},"notice":"GroundRules: Original legal text. Not legal advice."}