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ARKANSAS STATUTES AND CODES

§ 28-68-303 - Limits of power.

28-68-303. Limits of power.

A power of attorney executed under authority of this subchapter which grants powers concerning property or income shall be approved only if limited to:

(1) Property having a gross value not exceeding twenty thousand dollars ($20,000), exclusive of homestead, and excluding the capitalized value of any annual income; or

(2) An annual money income covered by the instrument not exceeding six thousand dollars ($6,000).

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