Arkansas Code Title 28, Subtitle 5, Chapter 73, Subchapter 7 - Office of Trustee

• § 28-73-701 - Accepting or Declining Trusteeship.
  (a) Except as otherwise provided in subsection (c), a person designated as trustee accepts the trusteeship: (1) by substantially complying with a method of...
• § 28-73-702 - Trustee's Bond.
  (a) A trustee shall give bond to secure performance of the trustee's duties only if a court finds that a bond is needed to...
• § 28-73-703 - Cotrustees.
  (a) Cotrustees who are unable to reach a unanimous decision may act by majority decision.(b) If a vacancy occurs in a cotrusteeship, the remaining...
• § 28-73-704 - Vacancy in Trusteeship -- Appointment of Successor.
  (a) A vacancy in a trusteeship occurs if: (1) a person designated as trustee rejects the trusteeship; (2) a person designated as trustee cannot...
• § 28-73-705 - Resignation of Trustee.
  (a) A trustee may resign: (1) upon at least thirty (30) days' notice to the qualified beneficiaries, the settlor, if living, and all cotrustees;...
• § 28-73-706 - Removal of Trustee.
  (a) The settlor, a cotrustee, or a beneficiary may request the court to remove a trustee, or a trustee may be removed by the...
• § 28-73-707 - Delivery of Property by Former Trustee.
  (a) Unless a cotrustee remains in office or a court otherwise orders, and until the trust property is delivered to a successor trustee or...
• § 28-73-708 - Compensation of Trustee.
  (a) If the terms of a trust do not specify the trustee's compensation, a trustee is entitled to compensation that is reasonable under the...
• § 28-73-709 - Reimbursement of Expenses.
  (a) A trustee is entitled to be reimbursed out of the trust property, with interest as appropriate, for: (1) expenses that were properly incurred...

Last modified: November 15, 2016