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Ark. Code Ann. § 28-69-704

Exercise of authority by trustee

Acts 1997, No. 585, § 1.

(1) A trustee may exercise the authority granted in this subchapter without procuring any judicial authorization or approval.

(2) A trustee may exercise the authority granted in this subchapter to divide both funded and unfunded trusts, provided, however, that: An unfunded testamentary trust may be divided only after the will establishing the trust has been admitted to probate; and

(3) An unfunded nontestamentary trust may be divided only if the governing instrument establishing the trust is not revocable.

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.