Arkansas Code Title 28, Subtitle 5, Chapter 70, Subchapter 1 - Definitions and Fiduciary Duties

• § 28-70-101 - Short Title.
  This chapter may be cited as the "Uniform Principal and Income Act."
• § 28-70-102 - Definitions.
  In this chapter: (1) "Accounting period" means a calendar year unless another 12-month period is selected by a fiduciary. The term includes a portion...
• § 28-70-103 - Fiduciary Duties -- General Principles.
  (a) In allocating receipts and disbursements to or between principal and income, and with respect to any matter within the scope of § 28-70-201...
• § 28-70-104 - Trustee's Power to Adjust.
  (a) A trustee may adjust between principal and income to the extent the trustee considers necessary if the trustee invests and manages trust assets...

Last modified: November 15, 2016