A personal representative may, and when ordered by the court shall, deposit, as a fiduciary, the funds of the estate in a bank or banks of this state, as a general deposit, either in a checking account or a savings account.
Ark. Code Ann. § 28-49-116
Bank deposits
Applied in 1 court decision — leading case Graham v. State (1991)
Most recently applied in Graham v. State (April 1991)
Acts 1949, No. 140, § 107; A.S.A. 1947, § 62-2414.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.