Arkansas § 23-51-193 Affiliates

Arkansas Statutes

§ 23-51-193 — Affiliates

(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.

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