Arkansas Statutes
§ 28-69-704 — Exercise of authority by trustee
Arkansas·Title 28
(a)A trustee may exercise the authority granted in this subchapter without procuring any judicial authorization or approval.
(b)A trustee may exercise the authority granted in this subchapter to divide both funded and unfunded trusts, provided, however, that:
(1)An unfunded testamentary trust may be divided only after the will establishing the trust has been admitted to probate; and (2) An unfunded nontestamentary trust may be divided only if the governing instrument establishing the trust is not revocable.
Free access — add to your briefcase to read the full text and ask questions with AI
Arkansas § 28-69-704 (Exercise of authority by trustee) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1997, No. 585, § 1.
Nearby Sections
15
§ 28-1-101
Title§ 28-1-102
Definitions§ 28-1-103
Effect of code§ 28-1-104
Probate proceedings§ 28-1-106
Referees and probate clerks§ 28-1-108
Records§ 28-1-109
Petition - Verification§ 28-1-110
Filing objections to petition§ 28-1-111
Guardians and attorneys ad litem§ 28-1-112
Notice - Service - Proof - Costs§ 28-1-113
Waiver of notice§ 28-1-115
Vacation and modification of orders§ 28-1-116
Appeals§ 28-1-117
Use of certified mail permitted§ 28-1-118
Deceased viable fetus