{"data":{"id":"us-ar/ark.-code-ann.-18-2-101","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 18-2-101","heading":"Purpose","body":"(a) The purpose of this subchapter is to establish a simple and accurate method for computing the present value of both vested life and remainder interests in property through the use of actuarial tables and to make the actuarial tables used in connection therewith current. (b) Nothing contained in this subchapter is intended: (1) To provide when a court shall order a life interest commuted and so payable in gross; or (2) To change the existing jurisdiction of the courts under which such a decree requiring commutation may issue. Acts 1981, No. 350, § 1; A.S.A. 1947, § 50-701.\n\n(a) The purpose of this subchapter is to establish a simple and accurate method for computing the present value of both vested life and remainder interests in property through the use of actuarial tables and to make the actuarial tables used in connection therewith current.\n\n(b) Nothing contained in this subchapter is intended: (1) To provide when a court shall order a life interest commuted and so payable in gross; or (2) To change the existing jurisdiction of the courts under which such a decree requiring commutation may issue.\n\n(1) To provide when a court shall order a life interest commuted and so payable in gross; or\n\n(2) To change the existing jurisdiction of the courts under which such a decree requiring commutation may issue.","path":["AR Code","Title 18","Chapter 2"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"ad02965dba5d3a4cd371dadbb6309b2a414e988e75c81707eb45575dd8409f62","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-18-29-204","next":"us-ar/ark.-code-ann.-18-2-102"},"notice":"GroundRules: Original legal text. Not legal advice."}