{"data":{"id":"us-wa/rcw-11.104b.100","jurisdiction":"us-wa","citation":"RCW 11.104B.100","heading":"Unitrusts—Definitions.","body":"The definitions in this section apply throughout this article unless the context clearly requires otherwise.\n(1) \"Applicable value\" means the amount of the net fair market value of a trust taken into account under RCW 11.104B.160.\n(2) \"Express unitrust\" means a trust for which, under the terms of the trust without regard to this article, income or net income must or may be calculated as a unitrust amount.\n(3) \"Income trust\" means a trust that is not a unitrust.\n(4) \"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(5) \"Unitrust\" means a trust for which net income is a unitrust amount. The term includes an express unitrust.\n(6) \"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 policy, the term means the applicable value, multiplied by the unitrust rate.\n(7) \"Unitrust policy\" means a policy described in RCW 11.104B.140 through 11.104B.180 and adopted under RCW 11.104B.120.\n(8) \"Unitrust rate\" means the rate used to compute the unitrust amount under subsection (6) of this section for a unitrust administered under a unitrust policy.","path":["Title 11","Chapter 11.104B"],"source_url":"https://app.leg.wa.gov/rcw/default.aspx?cite=11.104B.100","current_through":"July 15, 2026","vintage":"","retrieved_at":"2026-09-06T01:00:25Z","sha256":"5a08895982d6e314987d96a4a5b40bca7ade2b275c3e0e037903f51c298af5c5","source_id":"us-wa","stale":false,"prev":"us-wa/rcw-11.104b.070","next":"us-wa/rcw-11.104b.110"},"notice":"GroundRules: Original legal text. Not legal advice."}