Arkansas Code
Chapter 72 - Particular Trusts
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...