§ 18-3-103 - Reformation. - Arkansas Statutes

18-3-103. Reformation.

Upon the petition of an interested person, a court shall reform a disposition in the manner that most closely approximates the transferor's manifested plan of distribution and is within the 90 years allowed by 18-3-101(a)(2), 18-3-101(b)(2), or 18-3-101(c)(2) if:

(1) a nonvested property interest or a power of appointment becomes invalid under 18-3-101;

(2) a class gift is not but might become invalid under 18-3-101 and the time has arrived when the share of any class member is to take effect in possession or enjoyment; or

(3) a nonvested property interest that is not validated by 18-3-101(a)(1) can vest but not within 90 years after its creation.