Arkansas Statutes
§ 15-32-602 — Timber trust funds - Trustees - Beneficiaries
Arkansas·Title 15
(a)Money a timber purchaser collects for harvested timber is trust money.
(b)A timber purchaser and each officer, director, partner, or agent of a timber purchaser are trustees of trust money.
(c)Each seller of standing timber is a beneficiary of trust money to the extent of the beneficiary's share of the purchase price for the timber.
Free access — add to your briefcase to read the full text and ask questions with AI
Arkansas § 15-32-602 (Timber trust funds - Trustees - Beneficiaries) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 2001, No. 1247, § 2.
Nearby Sections
15
§ 15-1-101
Economic Advisor§ 15-10-201
Title§ 15-10-202
Declaration of policy§ 15-10-203
Arkansas Energy Office - Creation§ 15-10-204
Arkansas Energy Office - Director§ 15-10-301
Declaration of policy§ 15-10-302
Definitions§ 15-10-303
License or permit requirement§ 15-10-304
Studying the need for changes in law