Valuation of Assets and Reports. Trustee shall make regular valuations of the assets it holds in trust and provide a report of the valuations to the certificate holder at least quarterly. At all times the Trustee shall be able to determine the amount held in trust attributable to each contract holder. For all contracts effective on or after January 1, 2015, the determination shall be based upon the fair market value of the trust at the time and the proportionate share of the fair market value attributable to each contract holder. For all contracts in effect before January 1, 2015, the valuation of each contract may be calculated using any valuation method that had been approved by the Alabama Board of Funeral Services before January 1, 2015.
Appears in 4 contracts
Samples: Preneed Funeral Merchandise and Services Trust Agreement, Preneed Funeral Merchandise and Services Master Trust Agreement, Preneed Cemetery Merchandise and Services Master Trust Agreement
