Trusts or confidences

  1. Law
  2. Arkansas Code
  3. Business and Commercial Law
  4. Contracts, Notes, and Other Commercial Instruments
  5. Fraud
  6. Statute of Frauds
  7. Trusts or confidences

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  1. (a)

    1. (1) All declarations or creations of trusts or confidences of any lands or tenements shall be manifested and proved by some writing signed by the party who is or shall be by law enabled to declare the trusts, or by his or her last will in writing, or else they shall be void.

    2. (2) All grants and assignments of any trusts or confidences shall be in writing signed by the party granting or assigning them, or by his or her last will in writing, or else they shall be void.

  2. (b) Where any conveyance shall be made of any lands or tenements, by which a trust or confidence may arise or result by implication of law, the trust or confidence shall not be affected by anything contained in this section, § 4-59-102, and § 4-59-201 et seq.

  3. (c) (i) a person that directly or indirectly owns, controls, or holds with power to vote, 20 percent or more of the outstanding voting securities of the debtor, other than a person that holds the securities:


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