Office of 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.
Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters:
(1) acceptance under § 28-73-701;
(2) giving of bond to secure performance under § 28-73-702;
(3) reasonable compensation under § 28-73-708;
(4) resignation under § 28-73-705;
(5) removal under § 28-73-706; and
(6) vacancy and appointment of successor under § 28-73-704.
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.