{"data":{"id":"us-ar/ark.-code-ann.-28-77-304","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 28-77-304","heading":"Notice","body":"(a) A notice required by § 28-77-303(b)(2) must be sent in a manner authorized under § 28-73-109 to: (1) the qualified beneficiaries determined under § 28-73-103 , other than the Attorney General; and (2) each person acting as trust director of the trust under the Uniform Directed Trust Act, § 28-76-101 et seq. (b) The representation provisions of §§ 28-73-301 - 28-73-305 apply to notice under this section. (c) A person may consent in a record at any time to action proposed under § 28-77-303(b)(2) . A notice required by § 28-77-303(b)(2) need not be sent to a person that consents under this subsection. (d) A notice required by § 28-77-303(b)(2) must include: (1) the action proposed under § 28-77-303(b)(2) ; (2) for a conversion of an income trust to a unitrust, a copy of the unitrust policy adopted under § 28-77-303(a)(1) ; (3) for a change in the percentage or method used to calculate the unitrust amount, a copy of the unitrust policy or amendment or replacement of the unitrust policy adopted under § 28-77-303(a)(2) ; (4) a statement that the person to which the notice is sent may object to the proposed action by stating in a record the basis for the objection and sending or delivering the record to the fiduciary; (5) the date by which an objection under paragraph (4) must be received by the fiduciary, which must be at least 30 days after the date the notice is sent; (6) the date on which the action is proposed to be taken and the date on which the action is proposed to take effect; (7) the name and contact information of the fiduciary; and (8) the name and contact information of a person that may be contacted for additional information. Added by Act 2021, No. 1088,§ 2, eff. 1/1/2022.\n\n(a) A notice required by § 28-77-303(b)(2) must be sent in a manner authorized under § 28-73-109 to: (1) the qualified beneficiaries determined under § 28-73-103 , other than the Attorney General; and (2) each person acting as trust director of the trust under the Uniform Directed Trust Act, § 28-76-101 et seq.\n\n(1) the qualified beneficiaries determined under § 28-73-103 , other than the Attorney General; and\n\n(2) each person acting as trust director of the trust under the Uniform Directed Trust Act, § 28-76-101 et seq.\n\n(b) The representation provisions of §§ 28-73-301 - 28-73-305 apply to notice under this section.\n\n(c) A person may consent in a record at any time to action proposed under § 28-77-303(b)(2) . A notice required by § 28-77-303(b)(2) need not be sent to a person that consents under this subsection.\n\n(d) A notice required by § 28-77-303(b)(2) must include: (1) the action proposed under § 28-77-303(b)(2) ; (2) for a conversion of an income trust to a unitrust, a copy of the unitrust policy adopted under § 28-77-303(a)(1) ; (3) for a change in the percentage or method used to calculate the unitrust amount, a copy of the unitrust policy or amendment or replacement of the unitrust policy adopted under § 28-77-303(a)(2) ; (4) a statement that the person to which the notice is sent may object to the proposed action by stating in a record the basis for the objection and sending or delivering the record to the fiduciary; (5) the date by which an objection under paragraph (4) must be received by the fiduciary, which must be at least 30 days after the date the notice is sent; (6) the date on which the action is proposed to be taken and the date on which the action is proposed to take effect; (7) the name and contact information of the fiduciary; and (8) the name and contact information of a person that may be contacted for additional information.\n\n(1) the action proposed under § 28-77-303(b)(2) ;\n\n(2) for a conversion of an income trust to a unitrust, a copy of the unitrust policy adopted under § 28-77-303(a)(1) ;\n\n(3) for a change in the percentage or method used to calculate the unitrust amount, a copy of the unitrust policy or amendment or replacement of the unitrust policy adopted under § 28-77-303(a)(2) ;\nd for additional information.\n\n(1) the action proposed under § 28-77-303(b)(2) ;\n\n(2) for a conversion of an income trust to a unitrust, a copy of the unitrust policy adopted under § 28-77-303(a)(1) ;\n\n(3) for a change in the percentage or method used to calculate the unitrust amount, a copy of the unitrust policy or amendment or replacement of the unitrust policy adopted under § 28-77-303(a)(2) ;\n\n(4) a statement that the person to which the notice is sent may object to the proposed action by stating in a record the basis for the objection and sending or delivering the record to the fiduciary;\n\n(5) the date by which an objection under paragraph (4) must be received by the fiduciary, which must be at least 30 days after the date the notice is sent;\n\n(6) the date on which the action is proposed to be taken and the date on which the action is proposed to take effect;\n\n(7) the name and contact information of the fiduciary; and\n\n(8) the name and contact information of a person that may be contacted for additional information.","path":["AR Code","Title 28","Chapter 77","Subchapter 3"],"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":"53bab96dd0b2c448c7ddf39b41b59106890c9f64227bbbf6e78a7d59c3b6599c","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-28-77-303","next":"us-ar/ark.-code-ann.-28-77-305"},"notice":"GroundRules: Original legal text. Not legal advice."}