Arkansas Code Title 28, Subtitle 5, Chapter 72, Subchapter 5 - Long-Term Intergenerational Security Act of 1995

• § 28-72-501 - Short Title.
  This subchapter shall be known as the "Long-Term Intergenerational Security Act of 1995".
• § 28-72-502 - Legislative Intent.
  (a) It is found and declared by the General Assembly that the establishment of a long-term intergenerational security trust with tax deferment provisions for...
• § 28-72-503 - Definition.
  For purposes of this subchapter, "long-term intergenerational security trust" means a trust established for an individual under eighteen (18) years of age which contains...
• § 28-72-504 - Long-Term Intergenerational Security Trust Agreement.
  (a) The long-term intergenerational security trust agreement must: (1) Name an Arkansas resident or an entity located in Arkansas as trustee; (2) Provide that...
• § 28-72-505 - Tax and Penalty on Earnings.
  (a) (1) All distributions of funds from the long-term intergenerational security trust shall be taxable as provided in the Income Tax Act of 1929....
• § 28-72-506 - When Beneficiary May Determine Investment.
  Upon reaching eighteen (18) years of age, the beneficiary of a long-term intergenerational security trust may determine, to the extent possible, the manner in...
• § 28-72-507 - Distribution on Death.
  Upon the death of the beneficiary, all funds remaining in the long-term intergenerational security trust shall be distributed to the beneficiary's estate, and all...

Last modified: November 15, 2016