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Section 28-49-116 - Bank deposits — 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 28-49-116 - Bank deposits
Arkansas Legal Code

Section 28-49-116 - Bank deposits

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A personal representative may, and when ordered by the court shall, deposit, as a fiduciary, the funds of the estate in a bank or banks of this state, as a general deposit, either in a checking account or a savings account.Acts 1949, No. 140, § 107; A.S.A. 1947, § 62-2414.