{"data":{"id":"us-co/c.r.s.-15-1.2-307","jurisdiction":"us-co","citation":"C.R.S. § 15-1.2-307","heading":"Applicable value.","body":"(1) A unitrust policy must provide the method for determining the fair market value of an asset for the purpose of determining the unitrust amount, including:\n\n(a) The frequency of valuing the asset, which need not require a valuation in every period; and\n\n(b) The date for valuing the asset in each period in which the asset is valued.\n\n(2) Except as otherwise provided in section 15-1.2-309 (2)(b), a unitrust policy may provide methods for determining the amount of the net fair market value of the trust to take into account in determining the applicable value, including:\n\n(a) Obtaining an appraisal of an asset for which fair market value is not readily available;\n\n(b) Exclusion of specific assets or groups or types of assets;\n\n(c) Other exceptions or modifications of the treatment of specific assets or groups or types of assets;\n\n(d) Identification and treatment of cash or property held for distribution;\n\n(e) Use of:\n\n(I) An average of fair market values over a stated number of preceding periods; or\n\n(II) Another mathematical blend of fair market values over a stated number of preceding periods;\n\n(f) A limit on how much the applicable value of all assets, groups of assets, or individual assets may increase over:\n\n(I) The corresponding applicable value for the preceding period; or\n\n(II) A mathematical blend of applicable values over a stated number of preceding periods;\n\n(g) A limit on how much the applicable value of all assets, groups of assets, or individual assets may decrease below:\n\n(I) The corresponding applicable value for the preceding period; or\n\n(II) A mathematical blend of applicable values over a stated number of preceding periods;\n\n(h) The treatment of accrued income and other features of an asset which affect value; and\n\n(i) Determining the liabilities of the trust, including treatment of liabilities to conform with the treatment of assets under subsections (2)(a) through (2)(h) of this section.","path":["Title 15 - PROBATE, TRUSTS, AND FIDUCIARIES","Article 1.2 - Uniform Fiduciary Income and Principal Act","Part 3 - UNITRUST"],"source_url":"https://olls.info/crs/crs2026-title-15.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"89289d671871f38d2801b6fc15a4cca334081e6087025d5803ade327e46a50c8","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-15-1.2-306","next":"us-co/c.r.s.-15-1.2-308"},"notice":"GroundRules: Original legal text. Not legal advice."}