Unitrust amount definition

Unitrust amount means an amount computed as a percentage of the fair market value of the trust.

Unitrust amount means an amount computed by multiplying a determined value of a trust by a determined percentage. For a unitrust administered under a unitrust policy, the term means the applicable value, multiplied by the unitrust rate.

Unitrust amount means an amount equal to a percentage of a unitrust's assets that may or are required to be distributed to one or more beneficiaries annually in accordance with the terms of the unitrust. The unitrust amount may be determined by reference to the net fair market value of the unitrust's assets as of a particular date each year or as an average determined on a multiple-year basis.

Examples of Unitrust amount in a sentence

• Unitrust amount" means an amount equal to a percentage of a unitrust's assets that may or are required to be distributed to one or more beneficiaries annually in accordance with the terms of the unitrust.

• Unitrust amount" means an amount computed as a percentage of the fair market value of the assets of the trust.HISTORY: 2013 Act No. 100, Section 2, eff January 1, 2014.

• The proposed reformation will not result in an act of self-dealing under § 4941 at the time the order reforming Article Five is issued, at the time the method for computing Unitrust amount changes, or at any other time during the term of Unitrust.

• The focus of managers should be on facilitating enthusiastic people who want to innovate and change the organization in a positive way.

• Appendix C contains 13 wind rose / frequency distribution figures, one for each month for the period of record.

More Definitions of Unitrust amount

Unitrust amount means an amount computed as a percentage of the fair market value of the trust.99 Acts, ch 124, §30; 2002 Acts, ch 1086, §5, 21; 2003 Acts, ch 108, §110Referred to in §637.613 637.602 Trustee’s authority to convert.A trustee, other than an interested trustee, or, where two or more persons are acting as trustee, a majority of the trustees who are not interested trustees, may, in the trustee’s sole discretion and without the approval of the court, do any of the following subject to the requirements of section 637.603:1. Convert an income trust to a total return unitrust.2. Reconvert a total return unitrust to an income trust.3. Change the method used to determine the fair market value of the trust. 2002 Acts, ch 1086, §6, 21Referred to in §637.603, 637.606, 637.613

Unitrust amount means an amount computed by multiplying a

Unitrust amount means an amount computed as a percentage of

Unitrust amount means an amount equal to a

Unitrust amount means an amount equal to a percentage of a unitrust's assets that

Unitrust amount means an amount computed by multiplying a determined value of a trust by a

Unitrust amount means a distribution mandated by the terms of a trust in an amount equal to a fixed percentage of not less than three or more than five percent per year of the net fair market value of the trust's assets, valued at least annually. The unitrust amount may be determined by reference to the net fair market value of the trust's assets in one year or more than one year.