Ark. Code § 18-3-103

Current with legislation from 2024 effective through May 3, 2024.

Section 18-3-103 - Reformation

Upon the petition of an interested person, a court shall reform a disposition in the manner that most closely approximates the transferor's manifested plan of distribution and is within the 365 years allowed by § 18-3-101(a)(2), § 18-3-101(b)(2), or § 18-3-101(c)(2) if:

(1) a nonvested property interest or a power of appointment becomes invalid under § 18-3-101;

(2) a class gift is not but might become invalid under § 18-3-101 and the time has arrived when the share of any class member is to take effect in possession or enjoyment; or

(3) a nonvested property interest that is not validated by § 18-3-101(a)(1) can vest but not within 365 years after its creation.

Ark. Code § 18-3-103

Amended by Act 2023, No. 719,§ 2, eff. 8/1/2023.

Acts 2007, No. 240, § 1.