These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.
Unitrusts—Period.
(a) A calendar year;
(b) A 12-month period other than a calendar year;
(c) A calendar quarter;
(d) A three-month period other than a calendar quarter; or
(e) Another period.
(2) Except as otherwise provided in RCW
11.104B.180(2), a unitrust policy may provide standards for:
(a) Using fewer preceding periods under RCW
11.104B.150 (1)(b)(ii) or (2)(c) or (d) if:
(i) The trust was not in existence in a preceding period; or
(ii) Market indices or other published data are not available for a preceding period;
(b) Using fewer preceding periods under RCW
11.104B.160(2) (e)(i) or (ii), (f)(ii), or (g)(ii) if:
(i) The trust was not in existence in a preceding period; or
(ii) Fair market values are not available for a preceding period; and
(c) Prorating the 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.