§ 23-51-193 - Affiliates. - Arkansas Statutes

23-51-193. Affiliates.

(a) Any person acting as a trustee or in any other fiduciary capacity under 23-51-192 may hire and compensate, as a delegate, an affiliate of such person if:

(1) Authorized by a trust or fiduciary instrument;

(2) Authorized by court order;

(3) Authorized in writing by each affected client; or

(4) The standards of 23-51-192 are satisfied.

(b) Fees paid to an affiliate shall be competitive with fees charged by non-affiliates that provide substantially similar services.