Arkansas § 23-51-193 Affiliates

Arkansas Statutes

§ 23-51-193 — Affiliates

Arkansas § 23-51-193

Title23

This text of Arkansas § 23-51-193 (Affiliates) 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. § 23-51-193 (2026).

Text

(a)Any person acting as a trustee or in any other fiduciary capacity under § 23-51-192 may hire and compensate, as a delegate, an affiliate of the person if:

(1)Authorized by a trust or fiduciary instrument;

(2)Authorized by court order;

(3)Authorized in writing by each affected client; or (4) The standards of § 23-51-192 are satisfied.

(b)Fees paid to an affiliate shall be competitive with fees charged by nonaffiliates that provide substantially similar services.

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(a) Any person acting as a trustee or in any other fiduciary capacity under § 23-51-192 may hire and compensate, as a delegate, an affiliate of the person if: (1) Authorized by a trust or fiduciary instrument; (2) Authorized by court order; (3) Authorized in writing by each affected client; or (4) The standards of § 23-51-192 are satisfied. (b) Fees paid to an affiliate shall be competitive with fees charged by nonaffiliates that provide substantially similar services.