Arkansas Code Title 18, Subtitle 1, Chapter 2 - Commutation of Interests

• § 18-2-101 - Purpose.
  (a) The purpose of this subchapter is to establish a simple and accurate method for computing the present value of both vested life and...
• § 18-2-102 - Commutation of Single Life Interest.
  In any legal proceeding wherein the court shall decree that a vested right to future income for life from property is to be commuted...
• § 18-2-103 - Choice of Age.
  The appropriate age for use in the table is that of the person whose life expectancy serves to measure the life interest being valued.
• § 18-2-104 - Choice of Interest.
  The court shall determine the interest rate to be used upon the basis of the prevailing interest rates obtainable for investments.
• § 18-2-105 - Table and Example.
  (a) Table: Click here to view image.(b) Example: Joe Doe is entitled to receive the income from a principal sum of ten thousand dollars...
• § 18-2-106 - Commutation of Remainder Interest.
  The present value of a remainder interest is found by subtracting from the principal sum the value of the commuted life interest as determined...

Last modified: November 15, 2016