The terms of a trust may relieve a cotrustee from duty and liability with respect to another cotrustee's exercise or nonexercise of a power of the other cotrustee to the same extent that in a directed trust a directed trustee is relieved from duty and liability with respect to a trust director's power of direction under §§ 28-76-109 — 28-76-111.
Ark. Code Ann. § 28-76-112
Application to trustee. [Effective January 1, 2020.]
Known as the Uniform Directed Trust Act
The act spans §§ 28–28 (18 sections).
Acts 2019, No. 1021, § 5.
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.