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18-2-101. Purpose.
Arkansas Code — all titles (historical 2020) · legal_authorities
18-2-101. Purpose.
(a) The purpose of this subchapter is to establish a simple and accurate method for computing the present value of both vested life and remainder interests in property through the use of actuarial tables and to make the actuarial tables used in connection therewith current.
(b) Nothing contained in this subchapter is intended:
(1) To provide when a court shall order a life interest commuted and so payable in gross; or
(2) To change the existing jurisdiction of the courts under which such a decree requiring commutation may issue.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 18-2-101
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:18-2-101
Source file: gov.ar.code.title.18.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 82d1eb33951706a92afc1ba5184fec419f6c99a57e073820f0befb6b3f239469
Source location: content.xml paragraph 42
Stored source content
18-2-101. Purpose.
(a) The purpose of this subchapter is to establish a simple and accurate method for computing the present value of both vested life and remainder interests in property through the use of actuarial tables and to make the actuarial tables used in connection therewith current.
(b) Nothing contained in this subchapter is intended:
(1) To provide when a court shall order a life interest commuted and so payable in gross; or
(2) To change the existing jurisdiction of the courts under which such a decree requiring commutation may issue.
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