Ark. Code § 24-2-616

Current with legislation from 2024 Fiscal and Special Sessions.
Section 24-2-616 - Investment costs - Limitations on investment authority
(a) In investing and managing trust assets, trustees may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.
(b) Trustees may delegate investment functions to an agent that a prudent trustee of comparable skills could properly delegate as provided in § 24-2-618.

Ark. Code § 24-2-616

Acts 2001, No. 151, § 8.