California § 16335 - A unitrust rate may not be less than 3 percent, or greater than 5 percent, unless
Full text of California Public Contract Code - PCC § 16335 — A unitrust rate may not be less than 3 percent, or greater than 5 percent, unless, with citation guidance and answers to common questions.
§ 16335. A unitrust rate may not be less than 3 percent, or greater than 5 percent, unless
(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: (A) A market index or other published data. (B) A mathematical blend of market indices or other published data over a stated number of preceding periods. (b) Except as otherwise provided in subdivision (a) of Section 16335 and paragraph (1) of subdivision (b) of Section 16338, a unitrust plan may provide any of the following: (1) A limit on how high the unitrust rate determined under paragraph (2) of subdivision (a) may rise. (2) A limit on how low the unitrust rate determined under paragraph (2) of subdivision (a) may fall. (3) A limit on how much the unitrust rate determined under paragraph (2) of subdivision (a) 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) A limit on how much the unitrust rate determined under paragraph (2) of subdivision (a) may decrease below the unitrust rate for the preceding period or a mathematical blend of unitrust rates over a stated number of preceding periods. (5) A mathematical blend of any of the unitrust rates determined under paragraph (2) of subdivision (a) and paragraphs (1) to (4), inclusive, of this subdivision.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 16335
What does Public Contract Code - PCC § 16335 cover?
Section 16335 ("A unitrust rate may not be less than 3 percent, or greater than 5 percent, unless") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 16335?
A common citation format is "Public Contract Code - PCC § 16335" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 16335 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.