{"data":{"id":"us-ar/ark.-code-ann.-28-70-405","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 28-70-405","heading":"Rental property.","body":"To the extent that a trustee accounts for receipts from rental property pursuant to this section, the trustee shall allocate to income an amount received as rent of real or personal property, including an amount received for cancellation or renewal of a lease. An amount received as a refundable deposit, including a security deposit or a deposit that is to be applied as rent for future periods, must be added to principal and held subject to the terms of the lease and is not available for distribution to a beneficiary until the trustee's contractual obligations have been satisfied with respect to that amount.","path":["Title 28 Wills, Estates, and Fiduciary Relationships","Subtitle 5. Fiduciary Relationships","Chapter 70 Uniform Principal And Income Act","Subchapter 4 — Allocation of Receipts During Administration of Trust","Part 2 — Receipts Not Normally Apportioned"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.28.odt","current_through":"2020-11-06","vintage":"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2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or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","retrieved_at":"2026-09-17T21:09:03Z","sha256":"70d52c2020260aefa9d02a2cfffe5a3901f2fcc3812151d90d4453c5e2e96439","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-28-70-404","next":"us-ar/ark.-code-ann.-28-70-406"},"notice":"GroundRules: Original legal text. Not legal advice."}