§ 28-68-308 - Attorney in fact -- Qualifications -- Liability. - Arkansas Statutes

28-68-308. Attorney in fact -- Qualifications -- Liability.

(a) The attorney in fact may be an individual, a corporation authorized by law to act in a fiduciary capacity, an agency of government, a Community Fund or United Fund participating agency, or the American Red Cross.

(b) Unless otherwise provided in the power of attorney, an attorney in fact is bound by standards of conduct and liability applicable to other fiduciaries.

(c) A performance bond shall not be filed unless required by a provision of the power.