{"data":{"id":"us-ar/ark.-code-ann.-28-73-704","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 28-73-704","heading":"Vacancy in trusteeship - Appointment of successor","body":"(a) A vacancy in a trusteeship occurs if: (1) a person designated as trustee rejects the trusteeship; (2) a person designated as trustee cannot be identified or does not exist; (3) a trustee resigns; (4) a trustee is disqualified or removed; (5) a trustee dies; or (6) a guardian of the person or conservator is appointed for an individual serving as trustee. (b) If one (1) or more cotrustees remain in office, a vacancy in a trusteeship need not be filled. A vacancy in a trusteeship must be filled if the trust has no remaining trustee. (c) A vacancy in a trusteeship of a noncharitable trust that is required to be filled must be filled in the following order of priority: (1) by a person designated in the terms of the trust to act as successor trustee; (2) by a person appointed by unanimous agreement of the qualified beneficiaries; or (3) by a person appointed by a court. (d) A vacancy in a trusteeship of a charitable trust that is required to be filled must be filled in the following order of priority: (1) by a person designated in the terms of the trust to act as successor trustee; (2) by a person selected by the charitable organizations expressly designated to receive distributions under the terms of the trust if the Attorney General concurs in the selection; or (3) by a person appointed by a court. (e) Whether or not a vacancy in a trusteeship exists or is required to be filled, a court may appoint an additional trustee or special fiduciary whenever the court considers the appointment necessary for the administration of the trust. Acts 2005, No. 1031, § 1.\n\n(a) A vacancy in a trusteeship occurs if: (1) a person designated as trustee rejects the trusteeship; (2) a person designated as trustee cannot be identified or does not exist; (3) a trustee resigns; (4) a trustee is disqualified or removed; (5) a trustee dies; or (6) a guardian of the person or conservator is appointed for an individual serving as trustee.\n\n(1) a person designated as trustee rejects the trusteeship;\n\n(2) a person designated as trustee cannot be identified or does not exist;\n\n(3) a trustee resigns;\n\n(4) a trustee is disqualified or removed;\n\n(5) a trustee dies; or\n\n(6) a guardian of the person or conservator is appointed for an individual serving as trustee.\n\n(b) If one (1) or more cotrustees remain in office, a vacancy in a trusteeship need not be filled. A vacancy in a trusteeship must be filled if the trust has no remaining trustee.\n\n(c) A vacancy in a trusteeship of a noncharitable trust that is required to be filled must be filled in the following order of priority: (1) by a person designated in the terms of the trust to act as successor trustee; (2) by a person appointed by unanimous agreement of the qualified beneficiaries; or (3) by a person appointed by a court.\n\n(1) by a person designated in the terms of the trust to act as successor trustee;\n\n(2) by a person appointed by unanimous agreement of the qualified beneficiaries; or\n\n(3) by a person appointed by a court.\n\n(d) A vacancy in a trusteeship of a charitable trust that is required to be filled must be filled in the following order of priority: (1) by a person designated in the terms of the trust to act as successor trustee; (2) by a person selected by the charitable organizations expressly designated to receive distributions under the terms of the trust if the Attorney General concurs in the selection; or (3) by a person appointed by a court.\n\n(1) by a person designated in the terms of the trust to act as successor trustee;\n\n(2) by a person selected by the charitable organizations expressly designated to receive distributions under the terms of the trust if the Attorney General concurs in the selection; or\n\n(3) by a person appointed by a court.\nt if the Attorney General concurs in the selection; or (3) by a person appointed by a court.\n\n(1) by a person designated in the terms of the trust to act as successor trustee;\n\n(2) by a person selected by the charitable organizations expressly designated to receive distributions under the terms of the trust if the Attorney General concurs in the selection; or\n\n(3) by a person appointed by a court.\n\n(e) Whether or not a vacancy in a trusteeship exists or is required to be filled, a court may appoint an additional trustee or special fiduciary whenever the court considers the appointment necessary for the administration of the trust.","path":["AR Code","Title 28","Chapter 73","Subchapter 7"],"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":"9176aeaf0244e42a55318ab843d6c79f6dbc2073a0af76f57aa512e217e5391b","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-28-73-703","next":"us-ar/ark.-code-ann.-28-73-705"},"notice":"GroundRules: Original legal text. Not legal advice."}