Chapter

Arkansas Trust Code

Ark. Code Ann. § 28-73-101— Short title
Ark. Code Ann. § 28-73-102— Scope
Ark. Code Ann. § 28-73-103— Definitions. [Effective until January 1, 2020.]
Ark. Code Ann. § 28-73-103.1— Definitions. [Effective January 1, 2020.]
Ark. Code Ann. § 28-73-104— Knowledge
Ark. Code Ann. § 28-73-105— Default and mandatory rules
Ark. Code Ann. § 28-73-106— Common law of trusts — Principles of equity
Ark. Code Ann. § 28-73-107— Governing law
Ark. Code Ann. § 28-73-108— Principal place of administration
Ark. Code Ann. § 28-73-109— Methods and waiver of notice
Ark. Code Ann. § 28-73-110— Others treated as qualified beneficiaries
Ark. Code Ann. § 28-73-111— Nonjudicial settlement agreements
Ark. Code Ann. § 28-73-112— Rules of construction
Ark. Code Ann. § 28-73-201— Role of court in administration of trust
Ark. Code Ann. § 28-73-202— Jurisdiction over trustee and beneficiary
Ark. Code Ann. § 28-73-203— Subject-matter jurisdiction
Ark. Code Ann. § 28-73-301— Representation — Basic effect
Ark. Code Ann. § 28-73-302— Representation by holder of general testamentary power of appointment
Ark. Code Ann. § 28-73-303— Representation by fiduciaries and parents
Ark. Code Ann. § 28-73-304— Representation by person having substantially identical interest
Ark. Code Ann. § 28-73-305— Appointment of representative
Ark. Code Ann. § 28-73-401— Methods of creating trust
Ark. Code Ann. § 28-73-402— Requirements for creation
Ark. Code Ann. § 28-73-403— Trusts created in other jurisdictions
Ark. Code Ann. § 28-73-404— Trust purposes
Ark. Code Ann. § 28-73-405— Charitable purposes — Enforcement
Ark. Code Ann. § 28-73-406— Creation of trust induced by fraud, duress, or undue influence
Ark. Code Ann. § 28-73-407— Evidence of oral trust
Ark. Code Ann. § 28-73-408— Trust for care of animal
Ark. Code Ann. § 28-73-409— Noncharitable trust without ascertainable beneficiary
Ark. Code Ann. § 28-73-410— Modification or termination of trust — Proceedings for approval or disapproval
Ark. Code Ann. § 28-73-411— Modification or termination of noncharitable irrevocable trust by consent
Ark. Code Ann. § 28-73-412— Modification or termination because of unanticipated circumstances or inability to administer trust effectively
Ark. Code Ann. § 28-73-413— Cy pres
Ark. Code Ann. § 28-73-414— Modification or termination of uneconomic trust
Ark. Code Ann. § 28-73-415— Reformation to correct mistakes
Ark. Code Ann. § 28-73-416— Modification to achieve settlor's tax objectives
Ark. Code Ann. § 28-73-417— Combination and division of trusts
Ark. Code Ann. § 28-73-501— Rights of beneficiary's creditor or assignee
Ark. Code Ann. § 28-73-502— Spendthrift provision
Ark. Code Ann. § 28-73-503— [Reserved.]
Ark. Code Ann. § 28-73-504— Discretionary trusts — Effect of standard
Ark. Code Ann. § 28-73-505— Creditor's claim against settlor
Ark. Code Ann. § 28-73-506— Overdue distribution
Ark. Code Ann. § 28-73-507— Personal obligations of trustee
Ark. Code Ann. § 28-73-601— Capacity of settlor of revocable trust
Ark. Code Ann. § 28-73-602— Revocation or amendment of revocable trust
Ark. Code Ann. § 28-73-603— Settlor's powers — Powers of withdrawal. [Effective until January 1, 2020.]
Ark. Code Ann. § 28-73-603.1— Settlor's powers — Powers of withdrawal. [Effective January 1, 2020.]
Ark. Code Ann. § 28-73-604— Limitation on action contesting validity of revocable trust — Distribution of trust property
Ark. Code Ann. § 28-73-701— Accepting or declining trusteeship
Ark. Code Ann. § 28-73-702— Trustee's bond
Ark. Code Ann. § 28-73-703— Cotrustees
Ark. Code Ann. § 28-73-704— Vacancy in trusteeship — Appointment of successor
Ark. Code Ann. § 28-73-705— Resignation of trustee
Ark. Code Ann. § 28-73-706— Removal of trustee
Ark. Code Ann. § 28-73-707— Delivery of property by former trustee
Ark. Code Ann. § 28-73-708— Compensation of trustee
Ark. Code Ann. § 28-73-709— Reimbursement of expenses
Ark. Code Ann. § 28-73-801— Duty to administer trust
Ark. Code Ann. § 28-73-802— Duty of loyalty
Ark. Code Ann. § 28-73-803— Impartiality
Ark. Code Ann. § 28-73-804— Prudent administration
Ark. Code Ann. § 28-73-805— Costs of administration
Ark. Code Ann. § 28-73-806— Trustee's skills
Ark. Code Ann. § 28-73-807— Delegation by trustee
Ark. Code Ann. § 28-73-808— Powers to direct. [Repealed effective January 1, 2020.]
Ark. Code Ann. § 28-73-809— Control and protection of trust property
Ark. Code Ann. § 28-73-810— Recordkeeping and identification of trust property
Ark. Code Ann. § 28-73-811— Enforcement and defense of claims
Ark. Code Ann. § 28-73-812— Collecting trust property
Ark. Code Ann. § 28-73-813— Duty to inform and report
Ark. Code Ann. § 28-73-814— Discretionary powers — Tax savings
Ark. Code Ann. § 28-73-815— General powers of trustee
Ark. Code Ann. § 28-73-816— Specific powers of trustee
Ark. Code Ann. § 28-73-817— Distribution upon termination
Ark. Code Ann. § 28-73-901— Prudent investor rule
Ark. Code Ann. § 28-73-902— Standard of care — Portfolio strategy — Risk and return objectives
Ark. Code Ann. § 28-73-903— Diversification
Ark. Code Ann. § 28-73-904— Duties at inception of trusteeship
Ark. Code Ann. § 28-73-905— Reviewing compliance
Ark. Code Ann. § 28-73-906— Language invoking standard of subchapter
Ark. Code Ann. § 28-73-907— Application to existing trusts
Ark. Code Ann. § 28-73-908— Uniformity of application and construction
Ark. Code Ann. § 28-73-1001— Remedies for breach of trust
Ark. Code Ann. § 28-73-1002— Damages for breach of trust
Ark. Code Ann. § 28-73-1003— Damages in absence of breach
Ark. Code Ann. § 28-73-1004— Attorney's fees and costs
Ark. Code Ann. § 28-73-1005— Limitation of action against trustee
Ark. Code Ann. § 28-73-1006— Reliance on trust instrument
Ark. Code Ann. § 28-73-1007— Event affecting administration or distribution
Ark. Code Ann. § 28-73-1008— Exculpation of trustee
Ark. Code Ann. § 28-73-1009— Beneficiary's consent, release, or ratification
Ark. Code Ann. § 28-73-1010— Limitation on personal liability of trustee
Ark. Code Ann. § 28-73-1011— Interest as general partner
Ark. Code Ann. § 28-73-1012— Protection of person dealing with trustee
Ark. Code Ann. § 28-73-1013— Certification of trust
Ark. Code Ann. § 28-73-1101— Uniformity of application and construction
Ark. Code Ann. § 28-73-1102— Electronic records and signatures
Ark. Code Ann. § 28-73-1103— Severability clause
Ark. Code Ann. § 28-73-1104— Effective date
Ark. Code Ann. § 28-73-1105— [Reserved.]
Ark. Code Ann. § 28-73-1106— Application to existing relationships