{"data":{"id":"us-ar/ark.-code-ann.-28-77-305","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 28-77-305","heading":"Unitrust policy","body":"(a) In administering a unitrust under this subchapter, a fiduciary shall follow a unitrust policy adopted under § 28-77-303(a)(1) or § 28-77-303(a)(2) or amended or replaced under § 28-77-303(a)(2) . (b) A unitrust policy must provide: (1) the unitrust rate or the method for determining the unitrust rate under § 28-77-306 ; (2) the method for determining the applicable value under § 28-77-307 ; and (3) the rules described in §§ 28-77-306 through 28-77-309 which apply in the administration of the unitrust, whether the rules are: (A) mandatory, as provided in § 28-77-307(a) and § 28-77-308(a) ; or (B) optional, as provided in § 28-77-306 , § 28-77-307(b) , § 28-77-308(b) , and § 28-77-309(a) , to the extent the fiduciary elects to adopt those rules. Added by Act 2021, No. 1088,§ 2, eff. 1/1/2022.\n\n(a) In administering a unitrust under this subchapter, a fiduciary shall follow a unitrust policy adopted under § 28-77-303(a)(1) or § 28-77-303(a)(2) or amended or replaced under § 28-77-303(a)(2) .\n\n(b) A unitrust policy must provide: (1) the unitrust rate or the method for determining the unitrust rate under § 28-77-306 ; (2) the method for determining the applicable value under § 28-77-307 ; and (3) the rules described in §§ 28-77-306 through 28-77-309 which apply in the administration of the unitrust, whether the rules are: (A) mandatory, as provided in § 28-77-307(a) and § 28-77-308(a) ; or (B) optional, as provided in § 28-77-306 , § 28-77-307(b) , § 28-77-308(b) , and § 28-77-309(a) , to the extent the fiduciary elects to adopt those rules.\n\n(1) the unitrust rate or the method for determining the unitrust rate under § 28-77-306 ;\n\n(2) the method for determining the applicable value under § 28-77-307 ; and\n\n(3) the rules described in §§ 28-77-306 through 28-77-309 which apply in the administration of the unitrust, whether the rules are: (A) mandatory, as provided in § 28-77-307(a) and § 28-77-308(a) ; or (B) optional, as provided in § 28-77-306 , § 28-77-307(b) , § 28-77-308(b) , and § 28-77-309(a) , to the extent the fiduciary elects to adopt those rules.\n\n(A) mandatory, as provided in § 28-77-307(a) and § 28-77-308(a) ; or\n\n(B) optional, as provided in § 28-77-306 , § 28-77-307(b) , § 28-77-308(b) , and § 28-77-309(a) , to the extent the fiduciary elects to adopt those rules.","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":"af4e585aa6c358f717b3e73590d095075cbc7d45a4275e1b65755e2791eab3ba","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-28-77-304","next":"us-ar/ark.-code-ann.-28-77-306"},"notice":"GroundRules: Original legal text. Not legal advice."}