Arkansas Code Annotated

Ark. Code Ann. § 28-73-417 (2020)

Combination and division of trusts

✓ Arkansas Code release r76: Acts through about 2020 (2021-2025 sessions missing)
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    1. After notice to the qualified beneficiaries, a trustee may combine two (2) or more trusts into a single trust or divide a trust into two (2) or more separate trusts, if the result does not impair rights of any beneficiary or adversely affect achievement of the purposes of the trust.
    2. A trustee may exercise the authority granted in this section without court approval.
  1. This section does not repeal the Trustee Division of Trusts Act, § 28-69-701 et seq.

History. Acts 2005, No. 1031, § 1.

Subchapter 5 — Creditor's Claims — Spendthrift and Discretionary Trusts