Section 22-3-306 - [Renumbered Effective 9/1/2024] Unitrust rate(1) Except as otherwise provided in Subsection 22-3-309(2)(a), a unitrust rate may be: (a) a fixed unitrust rate; or(b) a unitrust rate that is determined for each period using:(i) a market index or other published data; or(ii) a mathematical blend of market indices or other published data over a stated number of preceding periods.(2) Except as otherwise provided in Subsection 22-3-309(2)(a), a unitrust policy may provide: (a) a limit on how high the unitrust rate determined under Subsection (1)(b) may rise;(b) a limit on how low the unitrust rate determined under Subsection (1)(b) may fall;(c) a limit on how much the unitrust rate determined under Subsection (1)(b) may increase over the unitrust rate for the preceding period or a mathematical blend of unitrust rates over a stated number of preceding periods;(d) a limit on how much the unitrust rate determined under Subsection (1)(b) 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(e) a mathematical blend of any of the unitrust rates determined under Subsection (1)(b) and Subsections (2)(a) through (d).Renumbered as § 75A-5-306 by Chapter (number not assigned at time of publication), 2024 General Session ,§ 142, eff. 9/1/2024.Added by Chapter 495, 2019 General Session ,§ 13, eff. 7/1/2020.