Arkansas Statutes
§ 28-76-106 — Powers of trust director
Arkansas·Title 28
(a)Subject to § 28-76-107 , the terms of a trust may grant a power of direction to a trust director.
(b)Unless the terms of a trust provide otherwise:
(1)a trust director may exercise any further power appropriate to the exercise or nonexercise of a power of direction granted to the director under subsection (a); and (2) trust directors with joint powers must act by majority decision.
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Legislative History
Added by Act 2019, No. 1021,§ 5, eff. 1/1/2020.
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
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