A trust may be created only to the extent its purposes are lawful, not contrary to public policy, and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries.
Ark. Code Ann. § 28-73-404
Trust purposes
Known as the Arkansas Trust Code
The act spans §§ 28–28 (103 sections).
Acts 2005, No. 1031, § 1.
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.