Ark. Code Ann. § 28-73-810

Recordkeeping and identification of trust property

Known as the Arkansas Trust Code

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

Applied in 1 court decision — leading case Peck v. Peck (2019)

Most recently applied in Peck v. Peck (April 2019)

Acts 2005, No. 1031, § 1.

(1) A trustee shall keep adequate records of the administration of the trust.

(2) A trustee shall keep trust property separate from the trustee's own property.

(3) Except as otherwise provided in subsection (d), a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.

(4) If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two (2) or more separate trusts.

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.