Cathee Crain, as settlor/beneficiary of the Cathee Crain First Amended Trust; Kristan Crain Snell, as settlor/benficiary of the Kristan D. Crain First Amended Trust; Lisa Crain, as settlor/beneficiary of the Lisa Crain First Amended Trust; And Marillyn Crain Brody, as settlor/beneficiary of the Marillyn C. Crain First Amended Trust v. Shirley Crain, Individually and as Trustee of the Terminated Cathee Crain First Amended Trust, Trustee of the Lisa Crain First Amended Trust, Trustee of the Kristan Crain First Amended Trust, and Trustee of the Marillyn C. Crain First Amended Trust

CourtCourt of Appeals of Arkansas
DecidedMay 6, 2026
StatusPublished

This text of Cathee Crain, as settlor/beneficiary of the Cathee Crain First Amended Trust; Kristan Crain Snell, as settlor/benficiary of the Kristan D. Crain First Amended Trust; Lisa Crain, as settlor/beneficiary of the Lisa Crain First Amended Trust; And Marillyn Crain Brody, as settlor/beneficiary of the Marillyn C. Crain First Amended Trust v. Shirley Crain, Individually and as Trustee of the Terminated Cathee Crain First Amended Trust, Trustee of the Lisa Crain First Amended Trust, Trustee of the Kristan Crain First Amended Trust, and Trustee of the Marillyn C. Crain First Amended Trust (Cathee Crain, as settlor/beneficiary of the Cathee Crain First Amended Trust; Kristan Crain Snell, as settlor/benficiary of the Kristan D. Crain First Amended Trust; Lisa Crain, as settlor/beneficiary of the Lisa Crain First Amended Trust; And Marillyn Crain Brody, as settlor/beneficiary of the Marillyn C. Crain First Amended Trust v. Shirley Crain, Individually and as Trustee of the Terminated Cathee Crain First Amended Trust, Trustee of the Lisa Crain First Amended Trust, Trustee of the Kristan Crain First Amended Trust, and Trustee of the Marillyn C. Crain First Amended Trust) is published on Counsel Stack Legal Research, covering Court of Appeals of Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Cathee Crain, as settlor/beneficiary of the Cathee Crain First Amended Trust; Kristan Crain Snell, as settlor/benficiary of the Kristan D. Crain First Amended Trust; Lisa Crain, as settlor/beneficiary of the Lisa Crain First Amended Trust; And Marillyn Crain Brody, as settlor/beneficiary of the Marillyn C. Crain First Amended Trust v. Shirley Crain, Individually and as Trustee of the Terminated Cathee Crain First Amended Trust, Trustee of the Lisa Crain First Amended Trust, Trustee of the Kristan Crain First Amended Trust, and Trustee of the Marillyn C. Crain First Amended Trust, (Ark. Ct. App. 2026).

Opinion

Cite as 2026 Ark. App. 274 ARKANSAS COURT OF APPEALS DIVISION I No. CV-25-135

CATHEE CRAIN, AS Opinion Delivered May 6, 2026 SETTLOR/BENEFICIARY OF THE CATHEE CRAIN FIRST AMENDED APPEAL FROM THE SEBASTIAN TRUST; KRISTAN CRAIN SNELL, AS COUNTY CIRCUIT COURT, FORT SETTLOR/BENFICIARY OF THE SMITH DISTRICT KRISTAN D. CRAIN FIRST AMENDED [NO. 66FCV-24-532] TRUST; LISA CRAIN, AS SETTLOR/BENEFICIARY OF THE HONORABLE DIANNA HEWITT LISA CRAIN FIRST AMENDED TRUST; LADD, JUDGE AND MARILLYN CRAIN BRODY, AS SETTLOR/BENEFICIARY OF THE MARILLYN C. CRAIN FIRST AMENDED TRUST APPELLANTS V.

SHIRLEY CRAIN, INDIVIDUALLY AND AS TRUSTEE OF THE TERMINATED CATHEE CRAIN FIRST AMENDED TRUST, TRUSTEE OF THE LISA CRAIN FIRST AMENDED TRUST, TRUSTEE OF THE KRISTAN CRAIN FIRST AMENDED TRUST, AND TRUSTEE OF THE MARILLYN C. CRAIN FIRST AMENDED TRUST APPELLEE

AFFIRMED

N. MARK KLAPPENBACH, Chief Judge

Appellants are the adult daughters of Dude Crain and stepdaughters of appellee,

Shirley Crain. This appeal centers on the dismissal of the daughters’ 2024 complaint against Shirley in which they alleged Shirley failed in her duties as trustee of their trusts to collect

delinquent debt Dude owed to the trusts. The circuit court dismissed the complaint because

the statute of limitations (SOL) on any action to collect had long since expired, the daughters

failed to present evidence to support tolling of the SOL, and the Arkansas Trust Code did

not apply to allow them an extended SOL under the Code. The daughters appeal, and we

affirm.

As a preliminary matter, while the parties treat this as an appeal from an order

granting a motion to dismiss pursuant to Rule 12(b)(6) of the Arkansas Rules of Civil

Procedure, the proper standard of review of the circuit court’s order is that of a motion for

summary judgment. Rule 12(b)(8) states:

If, on a motion asserting the defense numbered (6) to dismiss for failure of the pleading to state a claim upon which relief can be granted, matters outside the pleading are presented to and not excluded by the court, the motion shall be treated as one for summary judgment and disposed of as provided in Rule 56, and all parties shall be given reasonable opportunity to present all material made pertinent to such a motion by Rule 56.

The daughters attached approximately one hundred pages of exhibits to their complaint.1

The parties referred to these documents in their arguments about whether the complaint

should be dismissed, and they were considered by the circuit court. Because the circuit court

considered matters outside the pleadings, the motion to dismiss was converted to a motion

1 Exhibits A through W included each daughter’s trust, the amended trusts, the trustee appointments and changes thereto, IRS forms, a letter from a former cotrustee, a promissory installment note, a pledge agreement, and a 2020 order declaring the rights and obligations under the amended trusts as between Shirley and the daughters.

2 for summary judgment. Barrows/Thompson, LLC v. HB Ven II, LP, 2020 Ark. App. 208, 599

S.W.3d 637.

The law is well settled that summary judgment is to be granted by a circuit court only

when it is clear that there are no genuine issues of material fact to be litigated, and the party

is entitled to judgment as a matter of law. Hardin v. Bishop, 2013 Ark. 395, 430 S.W.3d 49.

When there is no material question of fact, we determine whether the moving party was

entitled to judgment as a matter of law. City of Rockport v. City of Malvern, 2012 Ark. 445,

424 S.W.3d 870. We review issues of statutory construction de novo because it is for this

court to interpret a statute. Id. Summary judgment is proper when the statute of limitations

bars an action. Peck v. Peck, 2019 Ark. App. 190, 575 S.W.3d 137.

The essential facts are not in dispute. The four trusts were created between 1981 and

1984 while Dude was still married to his previous wife, who is the mother of Cathee, Kristan,

Lisa, and Marillyn. The trusts were initially funded by the daughters’ shares of stock in Crain

Industries, Inc., which has grown and been extremely profitable over the years. The trusts

originally had four cotrustees, who were charged with taking, keeping, and holding the trust

estate and managing it to the best advantage of the trust and its beneficiaries. The trustees

were also given the authority to demand, sue for, and collect any and all rights, money,

properties, or claims to which the trusts were entitled.

In 1986, the daughters (all adults) agreed to the appointment of Dude and Don

Wood as cotrustees. The trusts were amended to eliminate the duty to provide an annual

accounting.

3 Dude sought a divorce in 1988, and in 1989, Dude married Shirley. In 1992, Dude

wanted to sell the corporation and needed to consolidate ownership of the shares of stock.

According to documents related to the corporation’s 1993 fiscal year, Dude and his

daughters agreed that Dude, individually, would buy the daughters’ shares of stock and that

he would pay each daughter’s trust $3 million, payable in installments.2 The daughters

signed written consents for this transaction. The terms of the sale were reflected in identical

promissory notes and pledge agreements reciting that the first $500,000 was payable

immediately, and the remaining $2.5 million was to be paid in five annual installments of

$500,000 in December each year; the debt earned interest at 8 percent. Dude paid in 1993

and 1994. Wood sent each daughter a letter in 1994 detailing how their trust money was

being managed and distributed. In 1995, Dude sold the Crain assets for $130 million, after

which Don Wood resigned as cotrustee. According to the daughters, Don resigned because

he wanted to pay the daughters’ trusts in full what they were owed out of the company’s sale

proceeds, but Dude did not.

The $500,000 payment due in December 1995 was not paid. Dude was sole trustee

until he named Shirley as a cotrustee in August 1996. The daughters believed they had a

good relationship with Dude and Shirley and could trust that the promissory notes would

2 The daughters asserted that their agreement allowed Dude to buy their stocks for far less than fair market value. They further contended that between 1988 and 1992, they should have received substantially more each year in corporate-profit distributions. These are mentioned in the factual summary, but these allegations do not make up the thrust of the argument on appeal.

4 eventually be paid in full. However, Dude made no more payments on the outstanding

balance on the promissory notes from 1995 forward.

In September 2005, the Arkansas Trust Code was enacted. Dude died in 2017 but

left no provision in his will to pay off the promissory notes. When Dude died, Shirley

became the sole trustee. Shirley did not pursue any action before or after Dude’s death to

recover the outstanding balance on the promissory notes for the daughters’ trusts.

Undoubtedly, there has been discord between the daughters and Shirley. In 2019,

the daughters asked Shirley to resign as the sole trustee, but she declined. In 2020, the

daughters sought to terminate the trusts and also sued their father’s estate to enforce an

agreement between their mother and father in which the daughters were owed assets held

by Dude’s widow. Later in 2020, Shirley filed a declaratory action against the daughters to

maintain her position as trustee and to establish that the daughters could not terminate the

trusts.

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Related

Hardin v. Bishop
2013 Ark. 395 (Supreme Court of Arkansas, 2013)
Milam v. Bank of Cabot
937 S.W.2d 653 (Supreme Court of Arkansas, 1997)
Dupree v. Twin City Bank
777 S.W.2d 856 (Supreme Court of Arkansas, 1989)
First Pyramid Life Insurance Co. of America v. Stoltz
843 S.W.2d 842 (Supreme Court of Arkansas, 1992)
Bakalekos v. Furlow
2011 Ark. 505 (Supreme Court of Arkansas, 2011)
Bakalekos v. Furlow
2011 Ark. 505 (Supreme Court of Arkansas, 2011)
City of Rockport v. City of Malvern
2012 Ark. 445 (Supreme Court of Arkansas, 2012)
Hutcherson v. Rutledge
2017 Ark. 359 (Supreme Court of Arkansas, 2017)
Peck v. Peck
2019 Ark. App. 190 (Court of Appeals of Arkansas, 2019)
barrows/thompson, LLC v. Hb Ven II, Lp, and Michael McAfee, Individually
2020 Ark. App. 208 (Court of Appeals of Arkansas, 2020)

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Cathee Crain, as settlor/beneficiary of the Cathee Crain First Amended Trust; Kristan Crain Snell, as settlor/benficiary of the Kristan D. Crain First Amended Trust; Lisa Crain, as settlor/beneficiary of the Lisa Crain First Amended Trust; And Marillyn Crain Brody, as settlor/beneficiary of the Marillyn C. Crain First Amended Trust v. Shirley Crain, Individually and as Trustee of the Terminated Cathee Crain First Amended Trust, Trustee of the Lisa Crain First Amended Trust, Trustee of the Kristan Crain First Amended Trust, and Trustee of the Marillyn C. Crain First Amended Trust, Counsel Stack Legal Research, https://law.counselstack.com/opinion/cathee-crain-as-settlorbeneficiary-of-the-cathee-crain-first-amended-arkctapp-2026.