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28-72-205. Amendment or termination of trust instrument.
Arkansas Code — all titles (historical 2020) · legal_authorities
28-72-205. Amendment or termination of trust instrument.
The instrument creating any public trust may be amended, or the trust may be terminated, by agreement of the trustee, or, if there is more than one (1) trustee, then of all of the trustees, and of the authority having the power of acceptance of beneficial interest thereunder. However, no such amendment or termination shall be effective while there exist any contractual obligations chargeable against the trust estate or its revenues unless the holder of the contractual obligations also agrees thereto.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 28-72-205
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:28-72-205
Source file: gov.ar.code.title.28.odt
Pages: Not recorded – Not recorded
Passage SHA-256: df7792f9494025a7c9dde77f2c3255a75ad28994d6fc501fcbf0eb9feb5e1b86
Source location: content.xml paragraph 12306
Stored source content
28-72-205. Amendment or termination of trust instrument.
The instrument creating any public trust may be amended, or the trust may be terminated, by agreement of the trustee, or, if there is more than one (1) trustee, then of all of the trustees, and of the authority having the power of acceptance of beneficial interest thereunder. However, no such amendment or termination shall be effective while there exist any contractual obligations chargeable against the trust estate or its revenues unless the holder of the contractual obligations also agrees thereto.
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