{"data":{"id":"us-ca/prob-16330","jurisdiction":"us-ca","citation":"PROB § 16330","heading":"","body":"The following definitions apply for purposes of this article:\n(a) “Applicable value” means the amount of the net fair market value of a trust taken into account under Section 16336.\n(b) “Express unitrust” means a trust for which, under the terms of the trust without regard to this article, income or net income shall or may be calculated as a unitrust amount.\n(c) “Income trust” means a trust that is not a unitrust.\n(d) “Net fair market value of a trust” means the fair market value of the assets of the trust, less the noncontingent liabilities of the trust.\n(e) “Unitrust” means a trust for which net income is a unitrust amount. The term includes an express unitrust.\n(f) “Unitrust amount” means an amount computed by multiplying a determined value of a trust by a determined percentage. For a unitrust administered under a unitrust plan, the term means the applicable value, multiplied by the unitrust rate.\n(g) “Unitrust plan” means a plan described in Sections 16334 to 16338, inclusive, and adopted pursuant to Section 16332.\n(h) “Unitrust rate” means the rate used to compute the unitrust amount under subdivision (f) for a unitrust administered under a unitrust plan.","path":["Probate Code - PROB","DIVISION 9. TRUST LAW [15000. - 19530.]","PART 4. TRUST ADMINISTRATION [16000. - 16632.]","CHAPTER 3. Uniform Fiduciary Income and Principal Act [16320. - 16383.]","ARTICLE 3. Unitrust [16330. - 16338.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"8fa8bc6be86702edda67dc724cff89cb2c5e0997988e1cf526dc2aed537540d8","source_id":"us-ca","stale":false,"prev":"us-ca/prob-16327","next":"us-ca/prob-16331"},"notice":"GroundRules: Original legal text. Not legal advice."}