Arkansas § 28-73-815 General powers of trustee

Arkansas Statutes

§ 28-73-815 — General powers of trustee

(a)A trustee, without authorization by a court, may exercise:

(1)powers conferred by the terms of the trust; and (2) except as limited by the terms of the trust:

(A)all powers over the trust property which an unmarried competent owner has over individually owned property;

(B)any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and (C) any other powers conferred by this chapter.

(b)The exercise of a power is subject to the fiduciary duties prescribed by this subchapter.

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(a) A trustee, without authorization by a court, may exercise: (1) powers conferred by the terms of the trust; and (2) except as limited by the terms of the trust: (A) all powers over the trust property which an unmarried competent owner has over individually owned property; (B) any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and (C) any other powers conferred by this chapter. (b) The exercise of a power is subject to the fiduciary duties prescribed by this subchapter.

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