How Does the Arkansas Trust Code Affect Real Estate Transactions?
By Carl Circo · October 14, 2007 · 2007 Ark. L. Notes
In categories: Administrative Law, Business Law, Construction Law, Government Practice, Real Estate Law
The Arkansas Trust Code (ATC) has been in effect since September 1, 2005. In addition to Arkansas, 18 other states, plus the District of Columbia, have enacted versions of the Uniform Trust Code. This is a remarkable result for a uniform law first approved by the National Conference of Commissioners on Uniform State Laws (NCCUSL) in 2000. Arkansas real estate lawyers, along with their counterparts in other jurisdictions that have adopted the Uniform Trust Code, are beginning to see the subtle ways in which codification of trust law affects the real estate practice. This overview highlights provisions of the ATC that are most directly relevant to real estate practice. It does not, however, attempt to address all of the many provisions of the ATC that may affect real estate matters.