                                 CODE OF VIRGINIA

UNITRUST POLICY (§ 64.2-1043)

A. In administering a unitrust under this article, a fiduciary shall follow a
unitrust policy adopted under subdivision A 1 or 2 of &#xA7; 64.2-1041 or
amended or replaced under subdivision A 2 of &#xA7; 64.2-1041.

B. A unitrust policy shall provide:

   1. The unitrust rate or the method for determining the unitrust rate under
   &#xA7; 64.2-1044;

   2. The method for determining the applicable value under &#xA7; 64.2-1045; and

   3. The rules described in &#xA7;&#xA7; 64.2-1044 through 64.2-1047 that apply
   in the administration of the unitrust, whether the rules are:
   				a. Mandatory, as provided in subsection A of &#xA7; 64.2-1045 and
   subsection A of &#xA7; 64.2-1046; or
   				b. Optional, as provided in &#xA7; 64.2-1044, subsection B of &#xA7;
   64.2-1045, subsection B of &#xA7; 64.2-1046, and subsection A of &#xA7;
   64.2-1047, to the extent the fiduciary elects to adopt those rules.

HISTORY: 2022, c. 354.