§ 738.308, Fla. Stat. · Chapter 738. UNIFORM FIDUCIARY INCOME AND PRINCIPAL ACT
Period.
Text — 2026 Florida Statutes
(1) A unitrust policy must provide the period used under ss. 738.306 and 738.307. The period must be the calendar year.
(2) A unitrust policy may provide standards for:
(a) Using fewer preceding periods under s. 738.306(1)(b)1. or (2)(a) or (b) if:
1. The trust was not in existence in a preceding period; or
2. Market indices or other published data are not available for a preceding period;
(b) Using fewer preceding periods under s. 738.307(2)(e) if:
1. The trust was not in existence in a preceding period; or
2. Fair market values are not available for a preceding period; and
(c) Prorating a 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.
Notes and commentary — not statutory text
History
s. 17, ch. 2024-216.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0700-0799/0738/0738.html
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- sha256 4215647016e917ecea7c3940aa463f0cd8adaf32931e9cbed9c2684ad2955126
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