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41 chapters · 837 sections in this title.
Ark. Code Ann. § 28-77-701 When right to income begins and ends
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(a) An income beneficiary is entitled to net income in accordance with the terms of the trust from the date an income interest begins. The income interest begins on the date specified in the terms of the trust or, if no date is specified, on the date an asset becomes subject to:(…
Ark. Code Ann. § 28-77-702 Apportionment of receipts and disbursements when decedent dies or income interest begins
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(a) A fiduciary shall allocate an income receipt or disbursement, other than a receipt to which § 28-77-601(b) applies, to principal if its due date occurs before the date on which:(1) for an estate, the decedent died; or(2) for a trust or successive interest, an income interest …
Ark. Code Ann. § 28-77-703 Apportionment when income interest ends
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(a) In this section, “undistributed income” means net income received on or before the date on which an income interest ends. The term does not include an item of income or expense which is due or accrued or net income that has been added or is required to be added to principal u…
Ark. Code Ann. § 28-77-801 Uniformity of application and construction
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In applying and construing this chapter, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it.