Section 28-77-306 - Unitrust rate(a) Except as otherwise provided in § 28-77-309(b)(1), 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 § 28-77-309(b)(1), 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 Act 2021, No. 1088,§ 2, eff. 1/1/2022.