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Arkansas · Snapshot Arkansas Code Release 78 (2020-11), retrieved 2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or amended

Ark. Code Ann. § 28-70-402: Distribution from trust or estate.

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Where this section sits in the code
  1. Title 28 Wills, Estates, and Fiduciary Relationships
  2. Subtitle 5. Fiduciary Relationships
  3. Chapter 70 Uniform Principal And Income Act
  4. Subchapter 4 — Allocation of Receipts During Administration of Trust
  5. Part 1 — Receipts From Entities

A trustee shall allocate to income an amount received as a distribution of income from a trust or an estate in which the trust has an interest other than a purchased interest and shall allocate to principal an amount received as a distribution of principal from such a trust or estate. If a trustee purchases an interest in a trust that is an investment entity, or a decedent or donor transfers an interest in such a trust to a trustee, § 28-70-401 or § 28-70-415 applies to a receipt from the trust.

Collected 2026-09-17T21:09:03Z. Source file · JSON

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