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Section 28-49-115 - Investment of funds — Arkansas Law | CourtGPT
  1. Home/
  2. Laws/
  3. Arkansas/
  4. Title 28 - Wills, Estates, and Fiduciary Relationships (§§ 28-1-101 — 28)/
  5. Subtitle 4 - Administration of Decedents' Estates/
  6. Chapter 49 - Management of Assets/
  7. Section 28-49-115 - Investment of funds
Arkansas Legal Code

Section 28-49-115 - Investment of funds

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Subject to his or her primary duty to preserve the estate for prompt distribution and to the terms of the will, if any, the personal representative, whenever it is reasonable to do so, shall invest the funds of the estate and make them productive. The investments shall be restricted to those permitted to guardians by the Probate Code.Acts 1949, No. 140, § 106; A.S.A. 1947, § 62-2413.