{"data":{"id":"us-ar/ark.-code-ann.-28-72-405","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 28-72-405","heading":"Transfer to custodial trustee by fiduciary or obligor - Facility of payment","body":"(a) Unless otherwise directed by an instrument designating a custodial trustee pursuant to § 28-72-403 , a person, including a fiduciary other than a custodial trustee, who holds property of or owes a debt to an incapacitated individual not having a conservator may make a transfer to an adult member of the beneficiary's family or to a trust company as custodial trustee for the use and benefit of the incapacitated individual. If the value of the property or the debt exceeds twenty thousand dollars ($20,000), the transfer is not effective unless authorized by the court.\n\n(b) A written acknowledgment of delivery, signed by a custodial trustee, is a sufficient receipt and discharge for property transferred to the custodial trustee pursuant to this section.","path":["AR Code","Title 28","Chapter 72","Subchapter 4"],"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":"315bb3bfe28d26d607bca67824d3f925b6e799e9ecf0498b546824f30cdf8fd5","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-28-72-404","next":"us-ar/ark.-code-ann.-28-72-406"},"notice":"GroundRules: Original legal text. Not legal advice."}