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Arkansas Code Title 24. Retirement and Pensions § 24-2-610. Prudent investor rule

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) Except as otherwise provided in subsection (b) of this section, trustees who invest and manage trust assets owe a duty to the beneficiaries of the trust to comply with the prudent investor rule set forth in §§ 24-2-610 -- 24-2-619.

(b)(1) The prudent investor rule, a default rule, may be expanded, restricted, eliminated, or otherwise altered by the provisions of a trust.

(2) Trustees are not liable to a beneficiary to the extent that the trustees acted in reasonable reliance on the provisions of the trust.

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Cite this article: FindLaw.com - Arkansas Code Title 24. Retirement and Pensions § 24-2-610. Prudent investor rule - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-24-retirement-and-pensions/ar-code-sect-24-2-610/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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