637.607 Valuation of trust. The fair market value of the trust shall be determined at least annually, using such valuation date or dates or averages of valuation dates as are deemed appropriate. Assets forwhich a fair market value cannot be readily ascertained shall be valued using such valuationmethods as are deemed reasonable and appropriate. Such assets may be excluded fromvaluation, provided all income received with respect to such assets is distributed to theextent distributable in accordance with the terms of the governing instrument. 2002 Acts, ch 1086, §11, 21Referred to in §637.613 Sat Dec 23 12:19:24 2023 Iowa Code 2024, Section 637.607 (16, 0)
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