{"data":{"id":"us-ut/utah-code-75a-5-305","jurisdiction":"us-ut","citation":"Utah Code § 75A-5-305","heading":"Unitrust policy.","body":"(1) In administering a unitrust under this part, a fiduciary shall follow a unitrust policy:\n(a) adopted under Subsection 75A-5-303(1)(a) or (b); or\n(b) amended or replaced under Subsection 75A-5-303(1)(b).\n(2) A unitrust policy shall provide:\n(a) the unitrust rate or the method for determining the unitrust rate under Section 75A-5-306;\n(b) the method for determining the applicable value under Section 75A-5-307; and\n(c) the rules described in Sections 75A-5-306 through 75A-5-309 that apply in the administration of the unitrust, regardless of whether the rules are:\n(i) mandatory, as provided in Subsections 75A-5-307(1) and 75A-5-308(1); or\n(ii) optional, as provided in Section 75A-5-306 and Subsections 75A-5-307(2), 75A-5-308(2), and 75A-5-309(1), to the extent the fiduciary elects to adopt those rules.","path":["Title 75A Fiduciaries","Chapter 75A-5 Uniform Fiduciary Income and Principal Act","Part 75A-5-3 Unitrust"],"source_url":"https://le.utah.gov/xcode/Title75A/Chapter5/75A-5-S305.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:34Z","sha256":"e0a8039c2e991e424b30ae061bb94be0b7e7760750a9d9b1c39940da7cfcfa2b","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-75a-5-304","next":"us-ut/utah-code-75a-5-306"},"notice":"GroundRules: Original legal text. Not legal advice."}