In this subchapter:
(1) “Co-owners with right of survivorship” includes joint tenants, tenants by the entireties, and other co-owners of property or accounts held under circumstances that entitle one (1) or more to the whole of the property or account on the death of the other or others.
(2) “Governing instrument” means a deed, will, trust, insurance or annuity policy, account with POD designation, pension, profit-sharing, retirement, or similar benefit plan, instrument creating or exercising a power of appointment or a power of attorney, or a dispositive, appointive, or nominative instrument of any similar type.
(3) “Payor” means a trustee, insurer, business entity, employer, government, governmental agency, subdivision, or instrumentality, or any other person authorized or obligated by law or a governing instrument to make payments.
Structure Arkansas Code
Title 28 - Wills, Estates, and Fiduciary Relationships
Subtitle 2 - Descent And Distribution
Chapter 10 - Uniform Simultaneous Death Act
Subchapter 2 - Uniform Simultaneous Death Act (2005)
§ 28-10-202. Requirement of survival by 120 hours under probate code
§ 28-10-203. Requirement of survival by 120 hours under governing instruments
§ 28-10-204. Co-owners with right of survivorship — Requirement of survival by 120 hours
§ 28-10-205. Evidence of death or status
§ 28-10-208. Uniformity of application and construction