Within a reasonable time after accepting a trusteeship or receiving trust assets, a trustee shall review the trust assets and make and implement decisions concerning the retention and disposition of assets, in order to bring the trust portfolio into compliance with the purposes, terms, distribution requirements, and other circumstances of the trust, and with the requirements of this subchapter.
Structure Arkansas Code
Title 28 - Wills, Estates, and Fiduciary Relationships
Subtitle 5 - Fiduciary Relationships
Chapter 73 - Arkansas Trust Code
Subchapter 9 - Uniform Prudent Investor Act
§ 28-73-901. Prudent investor rule
§ 28-73-902. Standard of care — Portfolio strategy — Risk and return objectives
§ 28-73-904. Duties at inception of trusteeship
§ 28-73-905. Reviewing compliance
§ 28-73-906. Language invoking standard of subchapter