(a) In investing and managing trust assets, trustees may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.
(b) Trustees may delegate investment functions to an agent that a prudent trustee of comparable skills could properly delegate as provided in § 24-2-618.
Structure Arkansas Code
Title 24 - Retirement And Pensions
Chapter 2 - Public Employee Retirement Plans Generally
Subchapter 6 - State Retirement Systems Investments
§ 24-2-601. Investment authority and limitations generally
§ 24-2-602. Investment authority and limitations — Permissible investments
§ 24-2-603. Investment authority and limitations — Default setoff
§ 24-2-604. Investment authority and limitations — Conflict of interest
§ 24-2-605. Investment authority and limitations — Fidelity bonds
§ 24-2-606. Investment authority and limitations — Custodianship of assets
§ 24-2-607. Investment authority and limitations — Trust account
§ 24-2-608. Investment authority and limitations — Arkansas-related investments
§ 24-2-609. Registration of securities in name of nominee — Powers and duties of nominee
§ 24-2-610. Prudent investor rule
§ 24-2-611. Standard of care — Portfolio strategy — Risk and return objectives
§ 24-2-613. Duties at inception of trusteeship
§ 24-2-616. Investment costs — Limitations on investment authority
§ 24-2-617. Reviewing compliance
§ 24-2-618. Delegation of investment and management functions