California Probate Code

§ 16335

PROB § 16335 Effective Jan 1, 2024Div. 9 · Part 4 · Ch. 3 · Art. 3

Statute text

(a)A unitrust rate may not be less than 3 percent, or greater than 5 percent, unless the unitrust plan has been approved by court order. If the unitrust plan has been approved by court order, any unitrust rate may be used. Except as otherwise provided in this subdivision and in paragraph (1) of subdivision (b) of Section 16338, a unitrust rate may be either of the following:

(1)A fixed unitrust interest rate.

(2)A unitrust rate that is determined for each period, using either of the following:

…

Legislative history

Repealed and added by Stats. 2023, Ch. 28, Sec. 2. (SB 522) Effective January 1, 2024.