{"data":{"id":"us-ia/iowa-code-637.607","jurisdiction":"us-ia","citation":"Iowa Code § 637.607","heading":"Valuation of trust.","body":"The fair market value of the trust shall be determined at least annually, using such valuation date or dates or averages of valuation dates as are deemed appropriate. Assets for which a fair market value cannot be readily ascertained shall be valued using such valuation methods as are deemed reasonable and appropriate. Such assets may be excluded from valuation, provided all income received with respect to such assets is distributed to the extent distributable in accordance with the terms of the governing instrument.","path":["Title XV - JUDICIAL BRANCH AND JUDICIAL PROCEDURES (Ch. 595 - 686D)","Chapter 637 - UNIFORM PRINCIPAL AND INCOME ACT","Subchapter VI - TOTAL RETURN UNITRUSTS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/637.607.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:16Z","sha256":"3456a1c32dee6bd0abf9e87e4a3a6f8b2dfc9a21b1a7fd94dffc702c22434475","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-637.606","next":"us-ia/iowa-code-637.608"},"notice":"GroundRules: Original legal text. Not legal advice."}