Arkansas Statutes
§ 15-32-602 — Timber trust funds - Trustees - Beneficiaries
Arkansas § 15-32-602
JurisdictionArkansas
Title15
This text of Arkansas § 15-32-602 (Timber trust funds - Trustees - Beneficiaries) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ark. Code Ann. § 15-32-602 (2026).
Text
(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.
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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
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Arkansas Energy Office - Director§ 15-10-301
Declaration of policy§ 15-10-302
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Bluebook (online)
Arkansas § 15-32-602, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/15-32-602.