Ark. Code § 28-73-804

Current with legislation from 2024 Fiscal and Special Sessions.
Section 28-73-804 - Prudent administration

A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distributional requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.

Ark. Code § 28-73-804

Acts 2005, No. 1031, § 1.