GroundRules
Ark. Code Ann. § 28-73-815: General powers of trustee
Where this section sits in the code
- AR Code
- Title 28
- Chapter 73
- Subchapter 8
(a) A trustee, without authorization by a court, may exercise: (1) powers conferred by the terms of the trust; and (2) except as limited by the terms of the trust: (A) all powers over the trust property which an unmarried competent owner has over individually owned property; (B) any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and (C) any other powers conferred by this chapter. (b) The exercise of a power is subject to the fiduciary duties prescribed by this subchapter. Acts 2005, No. 1031, § 1.
(a) A trustee, without authorization by a court, may exercise: (1) powers conferred by the terms of the trust; and (2) except as limited by the terms of the trust: (A) all powers over the trust property which an unmarried competent owner has over individually owned property; (B) any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and (C) any other powers conferred by this chapter.
(1) powers conferred by the terms of the trust; and
(2) except as limited by the terms of the trust: (A) all powers over the trust property which an unmarried competent owner has over individually owned property; (B) any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and (C) any other powers conferred by this chapter.
(A) all powers over the trust property which an unmarried competent owner has over individually owned property;
(B) any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and
(C) any other powers conferred by this chapter.
(b) The exercise of a power is subject to the fiduciary duties prescribed by this subchapter.
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