{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/64.2-1044.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/64.2-1044.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/64.2-1044.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/64.2-1044.html"}],"law_id":67457,"edition_id":1,"section_id":67457,"structure_id":15312,"section_number":"64.2-1044","catch_line":"Unitrust rate","history":"2022, c. 354.","full_text":"A\n\nExcept as otherwise provided in subdivision B 1 of \u00a7 64.2-1047, a unitrust rate may be:1\n\nA fixed unitrust rate; or2\n\nA unitrust rate that is determined for each period using:\n\t\t\t\ta. A market index or other published data; or\n\t\t\t\tb. A mathematical blend of market indices or other published data over a stated number of preceding periods.B\n\nExcept as otherwise provided in subdivision B 1 of \u00a7 64.2-1047, a unitrust policy may provide:1\n\nA limit on how high the unitrust rate determined under subdivision A 2 may rise;2\n\nA limit on how low the unitrust rate determined under subdivision A 2 may fall;3\n\nA limit on how much the unitrust rate determined under subdivision A 2 may increase over the unitrust rate for the preceding period or a mathematical blend of unitrust rates over a stated number of preceding periods;4\n\nA limit on how much the unitrust rate determined under subdivision A 2 may decrease below the unitrust rate for the preceding period or a mathematical blend of unitrust rates over a stated number of preceding periods; or5\n\nA mathematical blend of any of the unitrust rates determined under subdivision A 2 and subdivisions B 1 through 4.","order_by":null,"text":{"0":{"id":244427,"text":"Except as otherwise provided in subdivision B 1 of \u00a7 64.2-1047, a unitrust rate may be:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":244428,"text":"A fixed unitrust rate; or","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":244429,"text":"A unitrust rate that is determined for each period using:\n\t\t\t\ta. A market index or other published data; or\n\t\t\t\tb. A mathematical blend of market indices or other published data over a stated number of preceding periods.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"B"},"3":{"id":244430,"text":"Except as otherwise provided in subdivision B 1 of \u00a7 64.2-1047, a unitrust policy may provide:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A2","next_prefix":"B1"},"4":{"id":244431,"text":"A limit on how high the unitrust rate determined under subdivision A 2 may rise;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"5":{"id":244432,"text":"A limit on how low the unitrust rate determined under subdivision A 2 may fall;","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"6":{"id":244433,"text":"A limit on how much the unitrust rate determined under subdivision A 2 may increase over the unitrust rate for the preceding period or a mathematical blend of unitrust rates over a stated number of preceding periods;","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2","next_prefix":"B4"},"7":{"id":244434,"text":"A limit on how much the unitrust rate determined under subdivision A 2 may decrease below the unitrust rate for the preceding period or a mathematical blend of unitrust rates over a stated number of preceding periods; or","type":"section","prefixes":["B","4"],"prefix":"4","entire_prefix":"B4","prefix_anchor":"B4","level":2,"prior_prefix":"B3","next_prefix":"B5"},"8":{"id":244435,"text":"A mathematical blend of any of the unitrust rates determined under subdivision A 2 and subdivisions B 1 through 4.","type":"section","prefixes":["B","5"],"prefix":"5","entire_prefix":"B5","prefix_anchor":"B5","level":2,"prior_prefix":"B4"}},"ancestry":[{"id":15312,"edition_id":1,"name":"Unitrust","identifier":"3","label":"article","depth":4,"order_by":1,"parent_id":13478,"metadata":{},"date_created":"2026-06-26 03:53:52","date_modified":"2026-06-26 03:53:52","permalink":{"id":273907,"object_type":"structure","relational_id":15312,"identifier":"3","token":"64.2\/III\/10.1\/3","url":"\/64.2\/III\/10.1\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13478,"edition_id":1,"name":"Uniform Fiduciary Income And Principal Act","identifier":"10.1","label":"chapter","depth":3,"order_by":1,"parent_id":12724,"metadata":{},"date_created":"2026-06-26 03:44:58","date_modified":"2026-06-26 03:44:58","permalink":{"id":273863,"object_type":"structure","relational_id":13478,"identifier":"10.1","token":"64.2\/III\/10.1","url":"\/64.2\/III\/10.1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12724,"edition_id":1,"name":"Trusts","identifier":"III","label":"subtitle","depth":2,"order_by":1,"parent_id":12723,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":273811,"object_type":"structure","relational_id":12724,"identifier":"III","token":"64.2\/III","url":"\/64.2\/III\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12723,"edition_id":1,"name":"Wills, Trusts, and Fiduciaries","identifier":"64.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":272781,"object_type":"structure","relational_id":12723,"identifier":"64.2","token":"64.2","url":"\/64.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":58297,"structure_id":15312,"section_number":"64.2-1039","catch_line":"Definitions","url":"\/64.2-1039\/","token":"64.2\/III\/10.1\/3\/64.2-1039","metadata":false},{"id":63403,"structure_id":15312,"section_number":"64.2-1040","catch_line":"Application; duties and remedies","url":"\/64.2-1040\/","token":"64.2\/III\/10.1\/3\/64.2-1040","metadata":false},{"id":74484,"structure_id":15312,"section_number":"64.2-1041","catch_line":"Authority of fiduciary","url":"\/64.2-1041\/","token":"64.2\/III\/10.1\/3\/64.2-1041","metadata":false},{"id":72707,"structure_id":15312,"section_number":"64.2-1042","catch_line":"Notice","url":"\/64.2-1042\/","token":"64.2\/III\/10.1\/3\/64.2-1042","metadata":false},{"id":76075,"structure_id":15312,"section_number":"64.2-1043","catch_line":"Unitrust policy","url":"\/64.2-1043\/","token":"64.2\/III\/10.1\/3\/64.2-1043","metadata":false},{"id":67457,"structure_id":15312,"section_number":"64.2-1044","catch_line":"Unitrust rate","url":"\/64.2-1044\/","token":"64.2\/III\/10.1\/3\/64.2-1044","metadata":false},{"id":72430,"structure_id":15312,"section_number":"64.2-1045","catch_line":"Applicable value","url":"\/64.2-1045\/","token":"64.2\/III\/10.1\/3\/64.2-1045","metadata":false},{"id":66259,"structure_id":15312,"section_number":"64.2-1046","catch_line":"Period","url":"\/64.2-1046\/","token":"64.2\/III\/10.1\/3\/64.2-1046","metadata":false},{"id":81750,"structure_id":15312,"section_number":"64.2-1047","catch_line":"Special tax benefits; other rules","url":"\/64.2-1047\/","token":"64.2\/III\/10.1\/3\/64.2-1047","metadata":false}],"previous_section":{"id":76075,"structure_id":15312,"section_number":"64.2-1043","catch_line":"Unitrust policy","url":"\/64.2-1043\/","token":"64.2\/III\/10.1\/3\/64.2-1043","metadata":false},"next_section":{"id":72430,"structure_id":15312,"section_number":"64.2-1045","catch_line":"Applicable value","url":"\/64.2-1045\/","token":"64.2\/III\/10.1\/3\/64.2-1045","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-1044\/","history_text":"

This law was first created in 2022. The record of its establishment is cataloged in chapter 354<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":76075,"section_number":"64.2-1043","catch_line":"Unitrust policy","order_by":null,"url":"\/64.2-1043\/"},{"id":66259,"section_number":"64.2-1046","catch_line":"Period","order_by":null,"url":"\/64.2-1046\/"},{"id":81750,"section_number":"64.2-1047","catch_line":"Special tax benefits; other rules","order_by":null,"url":"\/64.2-1047\/"}],"refers_to":[{"id":81750,"section_number":"64.2-1047","catch_line":"Special tax benefits; other rules","order_by":null,"url":"\/64.2-1047\/"}],"permalink":{"id":273929,"object_type":"law","relational_id":67457,"identifier":"64.2-1044","token":"64.2\/III\/10.1\/3\/64.2-1044","url":"\/64.2-1044\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/64.2-1044\/","token":"64.2\/III\/10.1\/3\/64.2-1044","dublin_core":{"Title":"Unitrust rate","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-1044","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Except as otherwise provided in subdivision B 1 of \u00a7 64.2-1047<\/a>, a unitrust rate<\/span> may be: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> A fixed unitrust rate<\/span>; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> A unitrust rate<\/span> that is determined for each period using:\n\t\t\t\ta. A market index or other published data; or\n\t\t\t\tb. A mathematical blend of market indices or other published data over a stated number of preceding periods. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Except as otherwise provided in subdivision B 1 of \u00a7 64.2-1047<\/a>, a unitrust policy<\/span> may provide: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> A limit on how high the unitrust rate<\/span> determined under subdivision A 2 may rise; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> A limit on how low the unitrust rate<\/span> determined under subdivision A 2 may fall; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> A limit on how much the unitrust rate<\/span> determined under subdivision A 2 may increase over the unitrust rate<\/span> for the preceding period or a mathematical blend of unitrust rates<\/span> over a stated number of preceding periods; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> A limit on how much the unitrust rate<\/span> determined under subdivision A 2 may decrease below the unitrust rate<\/span> for the preceding period or a mathematical blend of unitrust rates<\/span> over a stated number of preceding periods; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> A mathematical blend of any of the unitrust rates<\/span> determined under subdivision A 2 and subdivisions B 1 through 4. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nUNITRUST RATE (\u00a7 64.2-1044)\n\nA. Except as otherwise provided in subdivision B 1 of \u00a7 64.2-1047, a unitrust\nrate may be:\n\n 1. A fixed unitrust rate; or\n\n 2. A unitrust rate that is determined for each period using:\n \t\t\t\ta. A market index or other published data; or\n \t\t\t\tb. A mathematical blend of market indices or other published data over a\n stated number of preceding periods.\n\nB. Except as otherwise provided in subdivision B 1 of \u00a7 64.2-1047, a unitrust\npolicy may provide:\n\n 1. A limit on how high the unitrust rate determined under subdivision A 2 may\n rise;\n\n 2. A limit on how low the unitrust rate determined under subdivision A 2 may\n fall;\n\n 3. A limit on how much the unitrust rate determined under subdivision A 2 may\n increase over the unitrust rate for the preceding period or a mathematical\n blend of unitrust rates over a stated number of preceding periods;\n\n 4. A limit on how much the unitrust rate determined under subdivision A 2 may\n decrease below the unitrust rate for the preceding period or a mathematical\n blend of unitrust rates over a stated number of preceding periods; or\n\n 5. A mathematical blend of any of the unitrust rates determined under\n subdivision A 2 and subdivisions B 1 through 4.\n\nHISTORY: 2022, c. 354.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}