(a) While a trust is revocable and the settlor has capacity to revoke the trust, rights of the beneficiaries are subject to the control of, and the duties of the trustee are owed exclusively to, the settlor.
(b) During the period the power may be exercised, the holder of a power of withdrawal has the rights of a settlor of a revocable trust under this section to the extent of the property subject to the power.
Structure Arkansas Code
Title 28 - Wills, Estates, and Fiduciary Relationships
Subtitle 5 - Fiduciary Relationships
Chapter 73 - Arkansas Trust Code
Subchapter 6 - Revocable Trusts
§ 28-73-601. Capacity of settlor of revocable trust
§ 28-73-602. Revocation or amendment of revocable trust
§ 28-73-603. Settlor's powers — Powers of withdrawal. [Effective until January 1, 2020.]
§ 28-73-603. Settlor's powers — Powers of withdrawal. [Effective January 1, 2020.]