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Ark. Code Ann. § 28-76-113

Limitation of action against trust director. [Effective January 1, 2020.]

Known as the Uniform Directed Trust Act

The act spans §§ 28–28 (18 sections).

Acts 2019, No. 1021, § 5.

(1) An action against a trust director for breach of trust must be commenced within the same limitation period as under § 28-73-1005 for an action for breach of trust against a trustee in a like position and under similar circumstances.

(2) A report or accounting has the same effect on the limitation period for an action against a trust director for breach of trust that the report or accounting would have under § 28-73-1005 in an action for breach of trust against a trustee in a like position and under similar circumstances.

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.