Arkansas § 28-72-404 Form and effect of receipt and acceptance by custodial trustee - Jurisdiction

Arkansas Statutes

§ 28-72-404 — Form and effect of receipt and acceptance by custodial trustee - Jurisdiction

Arkansas § 28-72-404

Title28

This text of Arkansas § 28-72-404 (Form and effect of receipt and acceptance by custodial trustee - Jurisdiction) 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. § 28-72-404 (2026).

Text

(a)Obligations of a custodial trustee, including the obligation to follow directions of the beneficiary, arise under this subchapter upon the custodial trustee's acceptance, express or implied, of the custodial trust property.

(b)The custodial trustee's acceptance may be evidenced by a writing stating in substance: Click here to view form.

(c)Upon accepting custodial trust property, a person designated as custodial trustee under this subchapter is subject to personal jurisdiction of the court with respect to any matter relating to the custodial trust.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Obligations of a custodial trustee, including the obligation to follow directions of the beneficiary, arise under this subchapter upon the custodial trustee's acceptance, express or implied, of the custodial trust property. (b) The custodial trustee's acceptance may be evidenced by a writing stating in substance: Click here to view form. (c) Upon accepting custodial trust property, a person designated as custodial trustee under this subchapter is subject to personal jurisdiction of the court with respect to any matter relating to the custodial trust.