Florida § 738.308 - Period.
Full text of Florida Florida Statutes § 738.308 — Period., with citation guidance and answers to common questions.
§ 738.308. Period.
(1) A unitrust policy must provide the period used under ss. 738.306 and 738.307. The period must be the calendar year. (2) A unitrust policy may provide standards for: (a) Using fewer preceding periods under s. 738.306(1)(b)1. or (2)(a) or (b) if: 1. The trust was not in existence in a preceding period; or 2. Market indices or other published data are not available for a preceding period; (b) Using fewer preceding periods under s. 738.307(2)(e) if: 1. The trust was not in existence in a preceding period; or 2. Fair market values are not available for a preceding period; and (c) Prorating a 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.
Frequently Asked Questions About Florida § 738.308
What does Florida Statutes § 738.308 cover?
Section 738.308 ("Period.") is part of the Florida Statutes, the codified statutory law of Florida. 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 Florida § 738.308?
A common citation format is "Florida Statutes § 738.308" (Florida). 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 Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 738.308 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida 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 Florida.