Upon acceptance of a trusteeship, the trustee shall administer the trust in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance with this chapter.
Ark. Code Ann. § 28-73-801
Duty to administer trust
Known as the Arkansas Trust Code
The act spans §§ 28-73-1001–28-73-908 (103 sections).
Applied in 1 court decision — leading case Caroline Lasiter v. Newland & Associates, Pllc (2025)
Most recently applied in Caroline Lasiter v. Newland & Associates, Pllc (June 2025)
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.