Arkansas Statutes
§ 23-51-192 — Delegation and fiduciary responsibility
Arkansas § 23-51-192
JurisdictionArkansas
Title23
This text of Arkansas § 23-51-192 (Delegation and fiduciary responsibility) 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. § 23-51-192 (2026).
Text
(a)Any person acting as a trustee or as any other fiduciary under the laws of this state may delegate any investment, management, or administrative function if the person exercises reasonable care, judgment, and caution in:
(1)Selecting the delegate, taking into account the delegate's financial standing and reputation;
(2)Establishing the scope and other terms of any delegation; and (3) Reviewing periodically the delegate's actions in order to monitor overall performance and compliance with the scope and other terms of the delegation.
(b)Notwithstanding any delegation permitted by subsection (a) of this section, any person acting as a trustee, except as provided in § 28-73-807 , or in any other fiduciary capacity under the laws of this state shall retain responsibility for the due perf
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Legislative History
Acts 1997, No. 940, § 92; 2005, No. 1031, § 2.
Nearby Sections
15
§ 23-1-101
Definitions§ 23-1-103
Compliance with Acts 1935, No. 324, and rules of commission required - Penalties for noncompliance§ 23-1-106
Penalties cumulative - Recovery of penalty not bar to further penalty or criminal prosecution§ 23-1-108
Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
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Bluebook (online)
Arkansas § 23-51-192, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/23-51-192.