Title 28 — — Appendix Administrative Order Number 12 — Official Probate Forms
41 chapters · 852 sections in this title.
Ark. Code Ann. § 28-71-101 Fiduciaries' powers cumulative — Uniform Veterans' Guardianship Act not affected
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(a) The powers granted by this chapter to the fiduciaries named in this chapter shall be in addition to the powers existing by virtue of other acts heretofore enacted authorizing investments by fiduciaries. (b) This chapter shall not apply in any situation governed by the Uniform…
Ark. Code Ann. § 28-71-102 Power of court not limited by chapter
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Nothing contained in this chapter shall be construed to limit the power of a court of competent jurisdiction to permit a fiduciary to take any action, or to restrain a fiduciary from taking any action, notwithstanding the permissions or restrictions contained in any written instr…
Ark. Code Ann. § 28-71-103 Fiduciaries subject to chapter
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Fiduciaries acting under authority granted before or after June 9, 1955, shall be subject to the provisions of this chapter.
Ark. Code Ann. § 28-71-104 Additional authority to invest funds
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(a) Unless prohibited by will, deed, trust, court order, or other instrument establishing the fiduciary relationship or unless another mode of investment is prescribed by any such instrument, trustees, guardians, and personal representatives, in addition to methods of investment …
Ark. Code Ann. § 28-71-105 Standard of judgment and care — Prudent investor rule
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In acquiring, investing, reinvesting, exchanging, retaining, selling, and managing property held in a fiduciary capacity, other than trusts subject to the prudent investor rule as set forth in the Arkansas Trust Code, § 28-73-101 et seq., the fiduciary shall exercise the judgment…
Ark. Code Ann. § 28-71-106 Investments authorized
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(a) Within the limitations of the standard set forth in § 28-71-105, a fiduciary is authorized to acquire and retain every kind of real, personal, or mixed property and every kind of investment, specifically including, but not by way of limitation, bonds, debentures, and other co…
Ark. Code Ann. § 28-71-107 Limited investment in private venture capital projects authorized
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(a) Unless prohibited by federal law or regulations promulgated thereunder, but notwithstanding any law or rule of this state to the contrary, fiduciaries and financial institutions may invest up to no more than two and one-half percent (2½%) of their funds eligible for investmen…