Arkansas Statutes
§ 24-2-616 — Investment costs - Limitations on investment authority
Arkansas § 24-2-616
JurisdictionArkansas
Title24
This text of Arkansas § 24-2-616 (Investment costs - Limitations on investment authority) 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. § 24-2-616 (2026).
Text
(a)In investing and managing trust assets, trustees may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.
(b)Trustees may delegate investment functions to an agent that a prudent trustee of comparable skills could properly delegate as provided in § 24-2-618 .
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Related
Opinion No.
(Arkansas Attorney General Reports, 2002)
Legislative History
Acts 2001, No. 151, § 8.
Nearby Sections
15
§ 24-1-101
Assets and income for retirement systems§ 24-1-102
Annual valuation§ 24-1-103
Change of contribution rate§ 24-1-105
Liabilities exceeding thirty-year amortization period - Legislated benefit enhancement prohibited§ 24-1-106
Benefit enhancements§ 24-1-201
Declaration of policy§ 24-1-202
Definitions§ 24-1-203
Rules§ 24-1-206
Agents§ 24-1-207
Contributions - State employeesCite This Page — Counsel Stack
Bluebook (online)
Arkansas § 24-2-616, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/24-2-616.