Arkansas § 28-73-702 Trustee's bond

Arkansas Statutes

§ 28-73-702 — Trustee's bond

Arkansas § 28-73-702

Title28

This text of Arkansas § 28-73-702 (Trustee's bond) 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. § 28-73-702 (2026).

Text

(a)A trustee shall give bond to secure performance of the trustee's duties only if a court finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust and the court has not dispensed with the requirement.

(b)A court may specify the amount of a bond, its liabilities, and whether sureties are necessary. A court may modify or terminate a bond at any time.

(c)A regulated financial service institution qualified to do trust business in this State need not give bond, even if required by the terms of the trust.

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(a) A trustee shall give bond to secure performance of the trustee's duties only if a court finds that a bond is needed to protect the interests of the beneficiaries or is required by the terms of the trust and the court has not dispensed with the requirement. (b) A court may specify the amount of a bond, its liabilities, and whether sureties are necessary. A court may modify or terminate a bond at any time. (c) A regulated financial service institution qualified to do trust business in this State need not give bond, even if required by the terms of the trust.