§ 24-2-616 - Investment costs -- Limitations on investment authority. - Arkansas Statutes

24-2-616. Investment costs -- Limitations on investment authority.

(a) In investing and managing trust assets, trustees may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.

(b) Trustees may delegate investment functions to an agent that a prudent trustee of comparable skills could properly delegate as provided in 24-2-618.