(a) An action against a trust director for breach of trust must be commenced within the same limitation period as under § 28-73-1005 for an action for breach of trust against a trustee in a like position and under similar circumstances.
(b) A report or accounting has the same effect on the limitation period for an action against a trust director for breach of trust that the report or accounting would have under § 28-73-1005 in an action for breach of trust against a trustee in a like position and under similar circumstances.
Structure Arkansas Code
Title 28 - Wills, Estates, and Fiduciary Relationships
Subtitle 5 - Fiduciary Relationships
Chapter 76 - Uniform Directed Trust Act [Effective January 1, 2020]
§ 28-76-101. Title. [Effective January 1, 2020.]
§ 28-76-102. Definitions. [Effective January 1, 2020.]
§ 28-76-103. Application — Principal place of administration. [Effective January 1, 2020.]
§ 28-76-104. Common law and principles of equity. [Effective January 1, 2020.]
§ 28-76-105. Exclusions. [Effective January 1, 2020.]
§ 28-76-106. Powers of trust director. [Effective January 1, 2020.]
§ 28-76-107. Limitations on trust director. [Effective January 1, 2020.]
§ 28-76-108. Duty and liability of trust director. [Effective January 1, 2020.]
§ 28-76-109. Duty and liability of directed trustee. [Effective January 1, 2020.]
§ 28-76-110. Duty to provide information to trust director or trustee. [Effective January 1, 2020.]
§ 28-76-111. No duty to monitor, inform, or advise. [Effective January 1, 2020.]
§ 28-76-112. Application to trustee. [Effective January 1, 2020.]
§ 28-76-113. Limitation of action against trust director. [Effective January 1, 2020.]
§ 28-76-114. Defenses in action against trust director. [Effective January 1, 2020.]
§ 28-76-115. Jurisdiction over trust director. [Effective January 1, 2020.]
§ 28-76-116. Office of trust director. [Effective January 1, 2020.]
§ 28-76-117. Uniformity of application and construction. [Effective January 1, 2020.]