§ 28-73-1001 — Remedies for breach of trust

Arkansas § 28-73-1001

• Jurisdiction: Arkansas
• Title: 28

Text

(a) A violation by a trustee of a duty the trustee owes to a beneficiary is a breach of trust. (b) To remedy a breach of trust that has occurred or may occur, the court may: (1) compel the trustee to perform the trustee's duties; (2) enjoin the trustee from committing a breach of trust; (3) compel the trustee to redress a breach of trust by paying money, restoring property, or other means; (4) order a trustee to account; (5) appoint a special fiduciary to take possession of the trust property and administer the trust; (6) suspend the trustee; (7) remove the trustee as provided in § 28-73-706 ; (8) reduce or deny compensation to the trustee; (9) subject to § 28-73-1012 , void an act of the trustee, impose a lien or a constructive trust on trust property, or trace trust property wrongfully disposed of and recover the property or its proceeds; or (10) order any other appropriate relief.

Legislative History

Acts 2005, No. 1031, § 1.