Ark. Code Ann. § 28-72-203
Trustee - Appointment and powers
Year: 2026Length: 172 words
The instrument creating the trust may provide for the appointment, succession, powers, duties, term, and compensation of the trustee and may be for the term of the duration of any beneficiary or for a shorter term. In case of the failure of the trust instrument to make provision for any of the foregoing, or for anything necessary to the execution of the trust, the general laws of the state shall control with respect to the omission. Acts 1961, No. 459, § 5; A.S.A. 1947, § 58-405.
The instrument creating the trust may provide for the appointment, succession, powers, duties, term, and compensation of the trustee and may be for the term of the duration of any beneficiary or for a shorter term. In case of the failure of the trust instrument to make provision for any of the foregoing, or for anything necessary to the execution of the trust, the general laws of the state shall control with respect to the omission.
Acts 1961, No. 459, § 5; A.S.A. 1947, § 58-405.