Subject to his or her primary duty to preserve the estate for prompt distribution and to the terms of the will, if any, the personal representative, whenever it is reasonable to do so, shall invest the funds of the estate and make them productive. The investments shall be restricted to those permitted to guardians by the Probate Code.
Structure Arkansas Code
Title 28 - Wills, Estates, and Fiduciary Relationships
Subtitle 4 - Administration Of Decedents' Estates
Chapter 49 - Management Of Assets
§ 28-49-101. Possession by personal representative
§ 28-49-102. Treatment of certain property as real or personal
§ 28-49-103. Discovery of assets
§ 28-49-105. Recovery for property embezzled or converted
§ 28-49-106. Abandonment of property
§ 28-49-107. Property not paid for
§ 28-49-108. Mortgaged property
§ 28-49-109. Fraudulent conveyances
§ 28-49-112. Continuation of business
§ 28-49-113. Power to borrow money
§ 28-49-114. Performance of decedent's contracts of sale