reglab/statecodes huggingface dataset:
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 2 - BANKS AND TRUST COMPANIES (§§ 28-69-201 — 28-69-207) › Section 28-69-203 - Investments generally - Liability

(a)
Any state bank, national bank, or trust company authorized to do business in this state when acting as a fiduciary or as a co-fiduciary with others, with the consent of its co-fiduciary, if any, who are authorized to give such consent, may cause any investment held in any fiduciary capacity to be registered and held in the name of a nominee or nominees of the bank or trust company.
(b)
The records of the bank or trust company shall at all times show the ownership of any such investment.
(c)
The investments shall at all times be kept separate and apart from the assets of the bank or trust company.
(d)
(1)
Any bank or trust company shall be absolutely liable for any loss occasioned by the acts of any nominees of the bank or trust company with respect to any investment so registered.
(2)
However, no liability for any loss occasioned by the acts of any bank or trust company, or the nominee of either of them with respect to the investments so registered, shall be imposed upon any corporation or its transfer agent or registrar which registers its stock or other securities in the name of the bank or trust company, or the nominee of either of them, in accordance with the provisions of this section.
Acts 1947, No. 394, §§ 1-3; A.S.A. 1947, §§ 58-106 -- 58-108.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 2 - BANKS AND TRUST COMPANIES (§§ 28-69-201 — 28-69-207) › Section 28-69-204 - Registration or transfer of investments - Liability of third parties

If a fiduciary or the nominee of a fiduciary in whose name are registered, or are to be registered, any shares of stocks, bonds, or other securities of any public or private corporation, company, other association, or of any trust, applies for the registration or transfer of the shares, then the corporation, company, other association, or any of the managers of the trust or its or their transfer agent, is not bound to inquire whether the fiduciary or nominee is committing a breach of his or her obligation as fiduciary or nominee in making the registration or transfer nor to see to the performance of the fiduciary obligation. The corporation, company, other association, or any of the managers of the trust, or its or their transfer agent, are liable for the registration or transfer only where the registration or transfer is made with actual knowledge that the fiduciary or nominee is committing a breach of trust in requesting the registration or transfer or with knowledge of the facts that its or their participation in the registration or transfer amounts to bad faith.
Acts 1947, No. 394, § 4; A.S.A. 1947, § 58-109.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 2 - BANKS AND TRUST COMPANIES (§§ 28-69-201 — 28-69-207) › Section 28-69-205 - Investment in obligations of certain banks authorized

Notwithstanding any other provision of law, any funds, including capital, belonging to or under the control of any bank, trust company, savings bank, or savings institution and any funds belonging to or under the control of any administrators, executors, trustees, fiduciaries, guardians, or curators of the estates of minors or insane persons may be invested in obligations issued, assumed, or guaranteed by the International Bank for Reconstruction and Development, by the Inter-American Development Bank, by the Asian Development Bank, or by the African Development Bank.
Acts 1949, No. 453, § 1; 1969, No. 349, § 1; 1973, No. 522, § 1; 1985, No. 943, § 1; A.S.A. 1947, § 58-113.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 2 - BANKS AND TRUST COMPANIES (§§ 28-69-201 — 28-69-207) › Section 28-69-206 - Deposit of funds - Collateral for uninsured deposit

An Arkansas-chartered bank or savings and loan association that holds as trustee funds awaiting investment or distribution, if not prohibited by the instrument or judgment creating the trust, may deposit the funds in the commercial department of the bank or savings and loan association. However, if the amount of the deposit exceeds the Federal Deposit Insurance Corporation insurance coverage, the bank or savings and loan association shall pledge, as security for the payment of the deposit, bonds constituting general obligations of the United States or the State of Arkansas of a market value not less than the uninsured portion of the deposit.
Amended by Act 2013, No. 1137,§ 3, eff. 8/16/2013.
Acts 1981, No. 837, § 1; A.S.A. 1947, § 58-120.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 2 - BANKS AND TRUST COMPANIES (§§ 28-69-201 — 28-69-207) › Section 28-69-207 - Services provided by affiliates

Any state bank, national bank, or trust company qualified to act as a fiduciary in this state, is hereby specifically authorized to utilize its respective affiliates to provide services for any trust or estate for which the financial institution or trust company acts as a trustee or other fiduciary, provided the financial institution believes, in the exercise of the standard of care described in §
28-71-105
, that the services are reasonably necessary and that its affiliate can render such services, including, but not limited to, securities brokerage services, computer services, and banking services, to the trust or estate as competently as similar services rendered by nonaffiliates and for compensation equal to or less than that charged by nonaffiliates. Provided the foregoing requirements are met, an affiliate may be utilized by the financial institution or trust company without the approval or consent of any person or specific authorization in the trust instrument, unless such a power is expressly withheld in the trust instrument.
Acts 1989, No. 351, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 3 - INCORPORATION OF POWERS BY REFERENCE (§§ 28-69-301 — 28-69-305) › Section 28-69-301 - Definitions

As used in this subchapter:
(1)
"Environmental law" means any federal, state, or local law, rule, regulation, or ordinance relating to protection of the environment or human health;
(2)
"Estate" means the estate of the decedent if by reference thereto a provision has been made applicable to the executor or executors of a will and means the trust estate if by reference thereto a provision has been made applicable to the trustee or trustees of such an estate;
(3)
"Fiduciary", and the masculine singular form of the pronoun referring to the fiduciary, means the one (1) or more executors, whether male, female, or corporate, of the estate of a decedent, or the one (1) or more trustees, whether male, female, or corporate, of a testamentary or inter vivos trust estate, whichever in a particular case shall be appropriate; and
(4)
"Hazardous substance" means any substance defined as hazardous or toxic or otherwise regulated by any environmental law.
Acts 1961, No. 153, §§ 1, 2; A.S.A. 1947, §§ 58-114, 58-115; Acts 1993, No. 421, § 2.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 3 - INCORPORATION OF POWERS BY REFERENCE (§§ 28-69-301 — 28-69-305) › Section 28-69-302 - Power of court over fiduciary unaffected

Nothing contained in this subchapter shall be construed to limit the power of a court of competent jurisdiction to prohibit a fiduciary from taking any action or to restrain a fiduciary in the taking of such an action, notwithstanding the authorizations or powers vested in the fiduciary by any written instrument wherein all or any part of §
28-69-304
is incorporated by reference.
Acts 1961, No. 153, § 4; A.S.A. 1947, § 58-117.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 3 - INCORPORATION OF POWERS BY REFERENCE (§§ 28-69-301 — 28-69-305) › Section 28-69-303 - Incorporation by reference authorized - Effect

(a)
By a clearly expressed intention of the testator or settlor so to do contained in a will or in an instrument in writing whereby a trust estate is created inter vivos, the language contained in the introductory paragraph of §
28-69-304
and in any one (1) or more of the subdivisions of that section may be incorporated, with appropriate reference made to §
28-69-304
, in the will or other written instrument, to be applicable either to the fiduciary authorized to administer the estate of the testator or to the fiduciary authorized to administer a trust estate established or to be established pursuant to the terms of the will or other written instrument, or applicable to both types of fiduciaries, with the same effect and subject to the same judicial interpretation and control in appropriate cases as though the language were set forth verbatim in the instrument.
(b)
However, the language contained in §
28-69-304(1)
-(4) is appropriate only with respect to powers to be vested in the one (1) or more executors of the estate of a decedent and is available only for incorporation by reference in a will as powers of the executor or executors of the will.
Acts 1961, No. 153, § 2; A.S.A. 1947, § 58-115.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 3 - INCORPORATION OF POWERS BY REFERENCE (§§ 28-69-301 — 28-69-305) › Section 28-69-305 - Compliance with environmental law

(a)
The fiduciary shall be entitled to charge the cost of any inspection, review, abatement, response, cleanup, or remedial action authorized herein in compliance with environmental law against the income or principal of the trust or estate.
(b)
A fiduciary shall not be personally liable to any beneficiary or other party for any decrease in value of assets in trust or in an estate by reason of the fiduciary's compliance with any environmental law, specifically including any reporting requirement under such a law.
(c)
Neither the acceptance by the fiduciary of property nor a failure by the fiduciary to inspect property shall be deemed to create any inference as to whether or not there is or may be any liability under any environmental law with respect to that property.
Acts 1993, No. 421, § 3.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 4 - REVOCATION, MODIFICATION, OR TERMINATION OF TRUST (§§ 28-69-401 — 28-69-403) › Section 28-69-401 - Consent

(a)
By written consent of the settlor and all named beneficiaries of a trust or any part thereof, regardless of any spendthrift or similar protective provisions, the trust or part thereof may be revoked, modified, or terminated upon a finding by the court having jurisdiction over the trust, or otherwise being of competent jurisdiction, that the trust's purposes, as expressed in or implied by the circumstances surrounding the trust, as a result of circumstances not foreseen to the settlor are not effectively being fulfilled or are frustrated.
(b)
(1)
For purposes of this section, consent to the revocation, modification, or termination may be given by the court on behalf of unnamed, legally incapacitated, unascertained, or unborn beneficiaries after a hearing in which the interests of such beneficiaries are represented by a guardian ad litem.
(2)
A guardian ad litem for any such beneficiaries may rely on general family benefit accruing to the living named beneficiaries and their families as a basis for approving, or not objecting to, any such revocation, modification, or termination and, in so doing, shall be immune from liability to future claims of any unnamed, legally incapacitated, unascertained, or unborn beneficiaries.
(3)
In circumstances in which objection is made by a guardian ad litem for beneficiaries who are not, by name or category, mentioned in a trust that is sought to be terminated, modified, or revoked, upon a finding that there is general family benefit to the living named beneficiaries and their families, the court shall allow the termination, modification, or revocation sought.
(c)
(1)
For purposes of this section, consent may be given on behalf of the estate of a deceased settlor by the court on a finding that there is general family benefit to the living named beneficiaries and their families.
(2)
A personal representative of a settlor's estate may rely on general family benefit accruing to the living named beneficiaries and their families as a basis for approving, or not objecting to, any such revocation, modification, or termination and, in so doing, shall be immune from liability to future claims of any unnamed, legally incapacitated, unascertained, or unborn beneficiaries.
Acts 1989, No. 841, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 4 - REVOCATION, MODIFICATION, OR TERMINATION OF TRUST (§§ 28-69-401 — 28-69-403) › Section 28-69-402 - Liability of trustee

A trustee of a trust that is sought to be terminated, modified, or revoked, in whole or in part, pursuant to the terms of this subchapter, may rely on general family benefit accruing to the living named beneficiaries and their families as a basis for approving, or not objecting to, any such revocation, modification, or termination and, in so doing, shall be immune from liability to future claims of any unnamed, legally incapacitated, unascertained, or unborn beneficiaries.
Acts 1989, No. 841, § 2.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 4 - REVOCATION, MODIFICATION, OR TERMINATION OF TRUST (§§ 28-69-401 — 28-69-403) › Section 28-69-403 - Revocation, etc., by other means not precluded

Nothing in this subchapter shall prevent revocation, modification, or termination of a trust pursuant to its terms, or otherwise in accordance with applicable law.
Acts 1989, No. 841, § 3.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 5 - RETIREMENT PLAN - SPENDTHRIFT TRUST (§ 28-69-501) › Section 28-69-501 - Spendthrift trust

Any retirement plan which meets the requirements of section 401 or section 403 of the Internal Revenue Code of 1986, as amended, which contains a prohibition against alienation and a prohibition against attachment shall be conclusively presumed for the purposes of Arkansas law to be a spendthrift trust.
Acts 1991, No. 1021, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 7 - TRUSTEE DIVISION OF TRUSTS ACT (§§ 28-69-701 — 28-69-706) › Section 28-69-701 - Short title

This subchapter may be cited as the "Trustee Division of Trusts Act".
Acts 1997, No. 585, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 7 - TRUSTEE DIVISION OF TRUSTS ACT (§§ 28-69-701 — 28-69-706) › Section 28-69-702 - Definitions

As used in this subchapter:
(1)
"Trust" means any express trust, with additions thereto, wherever and however created, or any separate share of a trust and includes any arrangement other than an estate which, although not a trust, has substantially the same effect as a trust; and
(2)
"Trustee" means an original, additional, or successor trustee of an inter vivos or testamentary trust, whether or not appointed or confirmed by a court, and, in the case of an arrangement which is not an estate or a trust but which has substantially the same effect as a trust, the person in actual or constructive possession of the property subject to the arrangement.
Acts 1997, No. 585, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 7 - TRUSTEE DIVISION OF TRUSTS ACT (§§ 28-69-701 — 28-69-706) › Section 28-69-703 - Authority to divide trusts

Unless expressly prohibited by the terms of the governing instrument, when property is held or to be held in a trust, the trustee is authorized, but not required, to divide the trust into two (2) or more separate trusts of equal or unequal value if the trustee determines that division of the trust is in the best interests of the beneficiaries or could result in a significant decrease in current or future federal income, gift, estate, or generation-skipping transfer taxes, or any other tax.
Acts 1997, No. 585, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 7 - TRUSTEE DIVISION OF TRUSTS ACT (§§ 28-69-701 — 28-69-706) › Section 28-69-704 - Exercise of authority by trustee

(a)
A trustee may exercise the authority granted in this subchapter without procuring any judicial authorization or approval.
(b)
A trustee may exercise the authority granted in this subchapter to divide both funded and unfunded trusts, provided, however, that:
(1)
An unfunded testamentary trust may be divided only after the will establishing the trust has been admitted to probate; and
(2)
An unfunded nontestamentary trust may be divided only if the governing instrument establishing the trust is not revocable.
Acts 1997, No. 585, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 7 - TRUSTEE DIVISION OF TRUSTS ACT (§§ 28-69-701 — 28-69-706) › Section 28-69-705 - Effect of exercise of authority

If a trustee divides a trust into separate trusts under this subchapter, the terms of the separate trusts need not be identical but must provide for the same succession of interests and beneficiaries as are provided in the original trust. Differing tax elections may be made for each of the separate trusts.
Acts 1997, No. 585, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 7 - TRUSTEE DIVISION OF TRUSTS ACT (§§ 28-69-701 — 28-69-706) › Section 28-69-706 - Applicability

This subchapter applies to all trustees regardless of whether the trust was created before, on, or after the date of enactment.
Acts 1997, No. 585, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 8 - UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (2006) › Section 28-69-801 - Short title

This subchapter may be cited as the Uniform Prudent Management of Institutional Funds Act (2006).
Acts 2009, No. 262, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 8 - UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (2006) › Section 28-69-802 - Definitions

In this subchapter:
(1)
"Charitable purpose" means the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of a governmental purpose, or any other purpose the achievement of which is beneficial to the community.
(2)
"Endowment fund" means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.
(3)
"Gift instrument" means a record or records, including an institutional solicitation, under which property is granted to, transferred to, or held by an institution as an institutional fund.
(4)
"Institution" means:
(A)
a person, other than an individual, organized and operated exclusively for charitable purposes;
(B)
a government or governmental subdivision, agency, or instrumentality, to the extent that it holds funds exclusively for a charitable purpose; or
(C)
a trust that had both charitable and noncharitable interests, after all noncharitable interests have terminated.
(5)
"Institutional fund" means a fund held by an institution exclusively for charitable purposes. The term does not include:
(A)
program-related assets;
(B)
a fund held for an institution by a trustee that is not an institution; or
(C)
a fund in which a beneficiary that is not an institution has an interest, other than an interest that could arise upon violation or failure of the purposes of the fund.
(6)
"Person" means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, public corporation, government or governmental subdivision, agency, or instrumentality, or any other legal or commercial entity.
(7)
"Program-related asset" means an asset held by an institution primarily to accomplish a charitable purpose of the institution and not primarily for investment.
(8)
"Record" means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.
Acts 2009, No. 262, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 8 - UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (2006) › Section 28-69-804 - Appropriation for expenditure or accumulation of endowment fund - Rules of construction

(a)
Subject to the intent of a donor expressed in the gift instrument, an institution may appropriate for expenditure or accumulate so much of an endowment fund as the institution determines is prudent for the uses, benefits, purposes, and duration for which the endowment fund is established. Unless stated otherwise in the gift instrument, the assets in an endowment fund are donor-restricted assets until appropriated for expenditure by the institution. In making a determination to appropriate or accumulate, the institution shall act in good faith, with the care that an ordinarily prudent person in a like position would exercise under similar circumstances, and shall consider, if relevant, the following factors:
(1)
the duration and preservation of the endowment fund;
(2)
the purposes of the institution and the endowment fund;
(3)
general economic conditions;
(4)
the possible effect of inflation or deflation;
(5)
the expected total return from income and the appreciation of investments;
(6)
other resources of the institution; and
(7)
the investment policy of the institution.
(b)
To limit the authority to appropriate for expenditure or accumulate under subsection (a), a gift instrument must specifically state the limitation.
(c)
Terms in a gift instrument designating a gift as an endowment, or a direction or authorization in the gift instrument to use only "income", "interest", "dividends", or "rents, issues, or profits", or "to preserve the principal intact", or words of similar import:
(1)
create an endowment fund of permanent duration unless other language in the gift instrument limits the duration or purpose of the fund; and
(2)
do not otherwise limit the authority to appropriate for expenditure or accumulate under subsection (a).
Acts 2009, No. 262, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 8 - UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (2006) › Section 28-69-805 - Delegation of management and investment functions

(a)
Subject to any specific limitation set forth in a gift instrument or in law other than this subchapter, an institution may delegate to an external agent the management and investment of an institutional fund to the extent that an institution could prudently delegate under the circumstances. An institution shall act in good faith, with the care that an ordinarily prudent person in a like position would exercise under similar circumstances, in:
(1)
selecting an agent;
(2)
establishing the scope and terms of the delegation, consistent with the purposes of the institution and the institutional fund; and
(3)
periodically reviewing the agent's actions in order to monitor the agent's performance and compliance with the scope and terms of the delegation.
(b)
In performing a delegated function, an agent owes a duty to the institution to exercise reasonable care to comply with the scope and terms of the delegation.
(c)
An institution that complies with subsection (a) is not liable for the decisions or actions of an agent to which the function was delegated.
(d)
By accepting delegation of a management or investment function from an institution that is subject to the laws of this state, an agent submits to the jurisdiction of the courts of this state in all proceedings arising from or related to the delegation or the performance of the delegated function.
(e)
An institution may delegate management and investment functions to its committees, officers, or employees as authorized by law of this state other than this subchapter.
Acts 2009, No. 262, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 8 - UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (2006) › Section 28-69-806 - Release or modification of restrictions on management, investment, or purpose

(a)
If the donor consents in a record, an institution may release or modify, in whole or in part, a restriction contained in a gift instrument on the management, investment, or purpose of an institutional fund. A release or modification may not allow a fund to be used for a purpose other than a charitable purpose of the institution.
(b)
The court, upon application of an institution, may modify a restriction contained in a gift instrument regarding the management or investment of an institutional fund if the restriction has become impracticable or wasteful, if it impairs the management or investment of the fund, or if, because of circumstances not anticipated by the donor, a modification of a restriction will further the purposes of the fund. The institution shall notify the Attorney General of the application, and the Attorney General must be given an opportunity to be heard. To the extent practicable, any modification must be made in accordance with the donor's probable intention.
(c)
If a particular charitable purpose or a restriction contained in a gift instrument on the use of an institutional fund becomes unlawful, impracticable, impossible to achieve, or wasteful, the court, upon application of an institution, may modify the purpose of the fund or the restriction on the use of the fund in a manner consistent with the charitable purposes expressed in the gift instrument. The institution shall notify the Attorney General of the application, and the Attorney General must be given an opportunity to be heard.
(d)
If an institution determines that a restriction contained in a gift instrument on the management, investment, or purpose of an institutional fund is unlawful, impracticable, impossible to achieve, or wasteful, the institution, 60 days after notification to the Attorney General, may release or modify the restriction, in whole or part, if:
(1)
the institutional fund subject to the restriction has a total value of less than $25,000;
(2)
more than 20 years have elapsed since the fund was established; and
(3)
the institution uses the property in a manner consistent with the charitable purposes expressed in the gift instrument.
Acts 2009, No. 262, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 8 - UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (2006) › Section 28-69-807 - Reviewing compliance

Compliance with this subchapter is determined in light of the facts and circumstances existing at the time a decision is made or action is taken, and not by hindsight.
Acts 2009, No. 262, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 8 - UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (2006) › Section 28-69-808 - Application to existing institutional funds

This subchapter applies to institutional funds existing on or established after the effective date of this subchapter. As applied to institutional funds existing on the effective date of this subchapter this subchapter governs only decisions made or actions taken on or after that date.
Acts 2009, No. 262, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 8 - UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (2006) › Section 28-69-809 - Relation to Electronic Signatures in Global and National Commerce Act

This subchapter modifies, limits, and supersedes the Electronic Signatures in Global and National Commerce Act,
15 U.S.C. Section 7001
et seq., but does not modify, limit, or supersede Section 101 of that act,
15 U.S.C. Section 7001(a)
, or authorize electronic delivery of any of the notices described in Section 103 of that act,
15 U.S.C. Section 7003(b)
.
Acts 2009, No. 262, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 69 - FIDUCIARIES GENERALLY (§§ 28-69-101 — 28-69-811) › Subchapter 8 - UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (2006) › Section 28-69-810 - Uniformity of application and construction

In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it.
Acts 2009, No. 262, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 1 - DEFINITIONS AND FIDUCIARY DUTIES (§§ 28-70-101 — 28-70-104) › Section 28-70-101 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 101.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 1 - DEFINITIONS AND FIDUCIARY DUTIES (§§ 28-70-101 — 28-70-104) › Section 28-70-102 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 102.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 1 - DEFINITIONS AND FIDUCIARY DUTIES (§§ 28-70-101 — 28-70-104) › Section 28-70-103 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 103.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 1 - DEFINITIONS AND FIDUCIARY DUTIES (§§ 28-70-101 — 28-70-104) › Section 28-70-104 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 104; 2005, No. 1962, § 118.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 2 - DECEDENT'S ESTATE OR TERMINATING INCOME INTEREST (§§ 28-70-201 — 28-70-202) › Section 28-70-201 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 201.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 2 - DECEDENT'S ESTATE OR TERMINATING INCOME INTEREST (§§ 28-70-201 — 28-70-202) › Section 28-70-202 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 202.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 3 - APPORTIONMENT AT BEGINNING AND END OF INCOME INTEREST (§§ 28-70-301 — 28-70-303) › Section 28-70-301 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 301.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 3 - APPORTIONMENT AT BEGINNING AND END OF INCOME INTEREST (§§ 28-70-301 — 28-70-303) › Section 28-70-302 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 302.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 3 - APPORTIONMENT AT BEGINNING AND END OF INCOME INTEREST (§§ 28-70-301 — 28-70-303) › Section 28-70-303 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 303.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 4 - ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST (§§ 28-70-401 — 28-70-415) › Part 1 - RECEIPTS FROM ENTITIES (§§ 28-70-401 — 28-70-403) › Section 28-70-401 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 401.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 4 - ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST (§§ 28-70-401 — 28-70-415) › Part 1 - RECEIPTS FROM ENTITIES (§§ 28-70-401 — 28-70-403) › Section 28-70-402 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 402.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 4 - ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST (§§ 28-70-401 — 28-70-415) › Part 1 - RECEIPTS FROM ENTITIES (§§ 28-70-401 — 28-70-403) › Section 28-70-403 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 403.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 4 - ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST (§§ 28-70-401 — 28-70-415) › Part 2 - RECEIPTS NOT NORMALLY APPORTIONED (§§ 28-70-404 — 28-70-407) › Section 28-70-404 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 404.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 4 - ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST (§§ 28-70-401 — 28-70-415) › Part 2 - RECEIPTS NOT NORMALLY APPORTIONED (§§ 28-70-404 — 28-70-407) › Section 28-70-405 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 405.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 4 - ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST (§§ 28-70-401 — 28-70-415) › Part 2 - RECEIPTS NOT NORMALLY APPORTIONED (§§ 28-70-404 — 28-70-407) › Section 28-70-406 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 406.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 4 - ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST (§§ 28-70-401 — 28-70-415) › Part 2 - RECEIPTS NOT NORMALLY APPORTIONED (§§ 28-70-404 — 28-70-407) › Section 28-70-407 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 407.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 4 - ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST (§§ 28-70-401 — 28-70-415) › Part 3 - RECEIPTS NORMALLY APPORTIONED (§§ 28-70-408 — 28-70-415) › Section 28-70-408 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 408.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 4 - ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST (§§ 28-70-401 — 28-70-415) › Part 3 - RECEIPTS NORMALLY APPORTIONED (§§ 28-70-408 — 28-70-415) › Section 28-70-409 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 409; 2011, No. 132, § 1.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 4 - ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST (§§ 28-70-401 — 28-70-415) › Part 3 - RECEIPTS NORMALLY APPORTIONED (§§ 28-70-408 — 28-70-415) › Section 28-70-410 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 410.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 4 - ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST (§§ 28-70-401 — 28-70-415) › Part 3 - RECEIPTS NORMALLY APPORTIONED (§§ 28-70-408 — 28-70-415) › Section 28-70-411 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 411.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 4 - ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST (§§ 28-70-401 — 28-70-415) › Part 3 - RECEIPTS NORMALLY APPORTIONED (§§ 28-70-408 — 28-70-415) › Section 28-70-412 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 412.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 4 - ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST (§§ 28-70-401 — 28-70-415) › Part 3 - RECEIPTS NORMALLY APPORTIONED (§§ 28-70-408 — 28-70-415) › Section 28-70-413 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 413.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 4 - ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST (§§ 28-70-401 — 28-70-415) › Part 3 - RECEIPTS NORMALLY APPORTIONED (§§ 28-70-408 — 28-70-415) › Section 28-70-414 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 414.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 4 - ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST (§§ 28-70-401 — 28-70-415) › Part 3 - RECEIPTS NORMALLY APPORTIONED (§§ 28-70-408 — 28-70-415) › Section 28-70-415 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 415.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 5 - ALLOCATION OF DISBURSEMENTS DURING ADMINISTRATION OF TRUST (§§ 28-70-501 — 28-70-506) › Section 28-70-501 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 501.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 5 - ALLOCATION OF DISBURSEMENTS DURING ADMINISTRATION OF TRUST (§§ 28-70-501 — 28-70-506) › Section 28-70-502 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 502.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 5 - ALLOCATION OF DISBURSEMENTS DURING ADMINISTRATION OF TRUST (§§ 28-70-501 — 28-70-506) › Section 28-70-503 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 503.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 5 - ALLOCATION OF DISBURSEMENTS DURING ADMINISTRATION OF TRUST (§§ 28-70-501 — 28-70-506) › Section 28-70-504 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 504.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 5 - ALLOCATION OF DISBURSEMENTS DURING ADMINISTRATION OF TRUST (§§ 28-70-501 — 28-70-506) › Section 28-70-505 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 505; 2011, No. 132, § 2.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 5 - ALLOCATION OF DISBURSEMENTS DURING ADMINISTRATION OF TRUST (§§ 28-70-501 — 28-70-506) › Section 28-70-506 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 506.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 6 - MISCELLANEOUS PROVISIONS (§§ 28-70-601 — 28-70-606) › Section 28-70-601 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 601.
Arkansas Code of 1987 (2023) › Title 28 - WILLS, ESTATES, AND FIDUCIARY RELATIONSHIPS (§§ 28-1-101 — 28) › Subtitle 5 - FIDUCIARY RELATIONSHIPS (§§ 28-65-101 — 28-77-803) › Chapter 70 - UNIFORM PRINCIPAL AND INCOME ACT (§§ 28-70-101 — 28-70-606) › Subchapter 6 - MISCELLANEOUS PROVISIONS (§§ 28-70-601 — 28-70-606) › Section 28-70-602 - [Repealed]

Repealed by Act 2021, No. 1088,§ 1, eff. 1/1/2022.
Acts 1999, No. 647, § 602.