Arkansas Code
Subtitle 5 - Fiduciary Relationships
Chapter 72 - Particular Trusts

Subchapter 1 - Missing Persons

§ 28-72-101. Jurisdiction of circuit courts - The circuit courts of this state shall have jurisdiction of...

§ 28-72-102. Appointment of trustee - (a) It shall be the duty of the circuit courts...

§ 28-72-103. Powers and duties of trustee - (a) Any trustee so appointed by the circuit court of...

§ 28-72-104. Bond of trustee - (a) The trustee shall give bond in double the amount...

Subchapter 2 - Public Trusts

§ 28-72-201. Public trusts authorized - Express trusts may be created in real or personal property,...

§ 28-72-202. Acceptance of trust - (a) No public trust shall become effective until the beneficial...

§ 28-72-203. Trustee — Appointment and powers - The instrument creating the trust may provide for the appointment,...

§ 28-72-204. Lease of property to trustee - The officers or any other governmental or municipal authorities having...

§ 28-72-205. Amendment or termination of trust instrument - The instrument creating any public trust may be amended, or...

§ 28-72-206. Liability of trustee and the trust estate - No trustee of such a trust, or any beneficiary thereof,...

§ 28-72-207. Trust estate exempt from taxation - For all purposes of taxation under the authority of the...

Subchapter 3 - Charitable Trusts

§ 28-72-301. Definition - As used in this subchapter, unless the context otherwise requires,...

§ 28-72-302. Amendment of trust instrument by operation of law — Exclusions - (a) Notwithstanding any provision in the laws of this state...

Subchapter 4 - Arkansas Custodial Trust Act

§ 28-72-401. Definitions - As used in this subchapter: (1) “Adult” means an individual...

§ 28-72-402. Custodial trust — General - (a) A person may create a custodial trust of property...

§ 28-72-403. Custodial trustee for future payment or transfer - (a) A person having the right to designate the recipient...

§ 28-72-404. Form and effect of receipt and acceptance by custodial trustee — Jurisdiction - (a) Obligations of a custodial trustee, including the obligation to...

§ 28-72-405. Transfer to custodial trustee by fiduciary or obligor — Facility of payment - (a) Unless otherwise directed by an instrument designating a custodial...

§ 28-72-406. Multiple beneficiaries — Separate custodial trusts — Survivorship - (a) Beneficial interests in a custodial trust created for multiple...

§ 28-72-407. General duties of custodial trustee - (a) If appropriate, a custodial trustee shall register or record...

§ 28-72-408. General powers of custodial trustee - (a) A custodial trustee, acting in fiduciary capacity, has all...

§ 28-72-409. Use of custodial trust property - (a) A custodial trustee shall pay to the beneficiary or...

§ 28-72-410. Determination of incapacity — Effect - (a) The custodial trustee shall administer the custodial trust as...

§ 28-72-411. Exemption of third person from liability - A third person in good faith and without a court...

§ 28-72-412. Liability to third person - (a) A claim based on a contract entered into by...

§ 28-72-413. Declination, resignation, incapacity, death, or removal of custodial trustee — Designation of successor custodial trustee - (a) Before accepting the custodial trust property, a person designated...

§ 28-72-414. Expenses, compensation, and bond of custodial trustee - Except as otherwise provided in the instrument creating the custodial...

§ 28-72-415. Reporting and accounting by custodial trustee — Determination of liability of custodial trustee - (a) Upon the acceptance of custodial trust property, the custodial...

§ 28-72-416. Limitations of action against custodial trustee - (a) Except as provided in subsection (c), unless previously barred...

§ 28-72-417. Distribution on termination - (a) Upon termination of a custodial trust, the custodial trustee...

§ 28-72-418. Methods and forms for creating custodial trusts - (a) If a transaction, including a declaration with respect to...

§ 28-72-419. Applicable law - (a) This subchapter applies to a transfer or declaration creating...

§ 28-72-420. Uniformity of application and construction - This subchapter shall be applied and construed to effectuate its...

§ 28-72-421. Title - This subchapter may be cited as the “Arkansas Custodial Trust...

§ 28-72-422. Severability - If any provision of this act or the application thereof...

Subchapter 5 - Long-Term Intergenerational Security Act of 1995

§ 28-72-501. Short title - This subchapter shall be known as the “Long-Term Intergenerational Security...

§ 28-72-502. Legislative intent - (a) It is found and declared by the General Assembly...

§ 28-72-503. Definition - For purposes of this subchapter, “long-term intergenerational security trust” means...

§ 28-72-504. Long-term intergenerational security trust agreement - (a) The long-term intergenerational security trust agreement must: (1) Name...

§ 28-72-505. Tax and penalty on earnings - (a) (1) All distributions of funds from the long-term intergenerational...

§ 28-72-506. When beneficiary may determine investment - Upon reaching eighteen (18) years of age, the beneficiary of...

§ 28-72-507. Distribution on death - Upon the death of the beneficiary, all funds remaining in...

Subchapter 6 - Qualified Spousal Trust

§ 28-72-601. Definitions - As used in this subchapter: (1) “Property” means an interest...

§ 28-72-602. Settlement of trust - (a) A qualified spousal trust may include a trust term...

§ 28-72-603. Death of settlors - (a) After the death of both settlors, all property held...

§ 28-72-604. Dissolution of marriage - For purposes of the dissolution of the marriage of the...

§ 28-72-605. Applicability of other laws - (a) The provisions of this subchapter are subject to the...