{"data":{"id":"us-ut/utah-code-75a-5-308","jurisdiction":"us-ut","citation":"Utah Code § 75A-5-308","heading":"Period.","body":"(1)\n(a) A unitrust policy shall provide the period used under Sections 75A-5-306 and 75A-5-307.\n(b) Except as otherwise provided in Subsection 22-3-309(2)(c), the period may be:\n(i) a calendar year;\n(ii) a 12-month period other than a calendar year;\n(iii) a calendar quarter;\n(iv) a three-month period other than a calendar quarter; or\n(v) another period.\n(2) Except as otherwise provided in Subsection 75A-5-309(2), a unitrust policy may provide standards for:\n(a) using fewer preceding periods under Subsection 75A-5-306(1)(b)(ii), (2)(c), or (2)(d) if:\n(i) the trust was not in existence in a preceding period; or\n(ii) market indices or other published data are not available for a preceding period;\n(b) using fewer preceding periods under Subsection 75A-5-307(2)(e)(i), (e)(ii), (f)(ii), or (g)(ii) if:\n(i) the trust was not in existence in a preceding period; or\n(ii) fair market values are not available for a preceding period; and\n(c) prorating the unitrust amount on a daily basis for a part of a period in which the trust or the administration of the trust as a unitrust or the interest of any beneficiary commences or terminates.","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-S308.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:34Z","sha256":"ba69831a138b093fa8c4a47e5c20971cffc66c30b9a5a12f14171d5faf791efa","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-75a-5-307","next":"us-ut/utah-code-75a-5-309"},"notice":"GroundRules: Original legal text. Not legal advice."}