Ark. Code § 28-76-116

Current with legislation from 2024 Fiscal and Special Sessions.

Section 28-76-116 - Office of trust director

Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters:

(1) acceptance under § 28-73-701;

(2) giving of bond to secure performance under § 28-73-702;

(3) reasonable compensation under § 28-73-708;

(4) resignation under § 28-73-705;

(5) removal under § 28-73-706; and

(6) vacancy and appointment of successor under § 28-73-704.

Ark. Code § 28-76-116

Added by Act 2019, No. 1021,§ 5, eff. 1/1/2020.