Section 58-9a-306 - Same; unitrust rate(a) Except as otherwise provided in K.S.A. 2023 Supp. 58-9a-309(b)(1), and amendments thereto, a unitrust rate may be: (1) A fixed unitrust rate; or(2) a unitrust rate that is determined for each period using: (A) A market index or other published data; or(B) a mathematical blend of market indices or other published data over a stated number of preceding periods.(b) Except as otherwise provided in K.S.A. 2023 Supp. 58-9a-309(b)(1), and amendments thereto, a unitrust policy may provide: (1) A limit on how high the unitrust rate determined under subsection (a)(2) may rise;(2) a limit on how low the unitrust rate determined under subsection (a)(2) may fall;(3) a limit on how much the unitrust rate determined under subsection (a)(2) may increase over the unitrust rate for the preceding period or a mathematical blend of unitrust rates over a stated number of preceding periods;(4) a limit on how much the unitrust rate determined under subsection (a)(2) may decrease below the unitrust rate for the preceding period or a mathematical blend of unitrust rates over a stated number of preceding periods; or(5) a mathematical blend of any of the unitrust rates determined under subsection (a)(2) and paragraphs (1) through (4).Added by L. 2021, ch. 63,§ 13, eff. 7/1/2021.