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Ark. Code Ann. § 28-73-410

Modification or termination of trust — Proceedings for approval or disapproval

Known as the Arkansas Trust Code

The act spans §§ 28–28 (103 sections).

Applied in 1 court decision — leading case In re Corn (2016)

Most recently applied in In re Corn (June 2016)

Acts 2005, No. 1031, § 1.

(1) In addition to the methods of termination prescribed by §§ 28-73-411 — 28-73-414, a trust terminates to the extent the trust is revoked or expires pursuant to its terms, no purpose of the trust remains to be achieved, or the purposes of the trust have become unlawful, contrary to public policy, or impossible to achieve.

(2) A proceeding to approve or disapprove a proposed modification or termination under §§ 28-73-411 — 28-73-416, or trust combination or division under § 28-73-417, may be commenced by a trustee or beneficiary, and a proceeding to approve or disapprove a proposed modification or termination under § 28-73-411 may be commenced by the settlor. The settlor of a charitable trust may maintain a proceeding to modify the trust under § 28-73-413.

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.