To the extent a beneficiary's interest is not protected by a spendthrift provision, a court may authorize a creditor or assignee of the beneficiary to reach the beneficiary's interest by attachment of present or future distributions to or for the benefit of the beneficiary or other means. The court may limit the award to such relief as is appropriate under the circumstances.
Ark. Code Ann. § 28-73-501
Rights of beneficiary's creditor or assignee
Known as the Arkansas Trust Code
The act spans §§ 28–28 (103 sections).
Applied in 1 court decision — leading case J.B. Hunt, LLC v. Thornton (2014)
Most recently applied in J.B. Hunt, LLC v. Thornton (February 2014)
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.