GroundRules
Ark. Code Ann. § 28-76-103: Application - Principal place of administration
Where this section sits in the code
- AR Code
- Title 28
- Chapter 76
(a) This chapter applies to a trust, whenever created, that has its principal place of administration in this state, subject to the following rules: (1) If the trust was created before January 1, 2020, this chapter applies only to a decision or action occurring on or after January 1, 2020. (2) If the principal place of administration of the trust is changed to this state on or after January 1, 2020, this chapter applies only to a decision or action occurring on or after the date of the change. (b) Without precluding other means to establish a sufficient connection with the designated jurisdiction in a directed trust, terms of the trust which designate the principal place of administration of the trust are valid and controlling if: (1) a trustee's principal place of business is located in or a trustee is a resident of the designated jurisdiction; or (2) all or part of the administration occurs in the designated jurisdiction. Added by Act 2019, No. 1021,§ 5, eff. 1/1/2020.
(a) This chapter applies to a trust, whenever created, that has its principal place of administration in this state, subject to the following rules: (1) If the trust was created before January 1, 2020, this chapter applies only to a decision or action occurring on or after January 1, 2020. (2) If the principal place of administration of the trust is changed to this state on or after January 1, 2020, this chapter applies only to a decision or action occurring on or after the date of the change.
(1) If the trust was created before January 1, 2020, this chapter applies only to a decision or action occurring on or after January 1, 2020.
(2) If the principal place of administration of the trust is changed to this state on or after January 1, 2020, this chapter applies only to a decision or action occurring on or after the date of the change.
(b) Without precluding other means to establish a sufficient connection with the designated jurisdiction in a directed trust, terms of the trust which designate the principal place of administration of the trust are valid and controlling if: (1) a trustee's principal place of business is located in or a trustee is a resident of the designated jurisdiction; or (2) all or part of the administration occurs in the designated jurisdiction.
(1) a trustee's principal place of business is located in or a trustee is a resident of the designated jurisdiction; or
(2) all or part of the administration occurs in the designated jurisdiction.
Collected 2026-09-17T21:35:43Z. Source file · JSON
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Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source