Ark. Code Ann. § 18-2-101
This is the official text of Ark. Code Ann. § 18-2-101, part of Arkansas’s Code Ann — part of the compiled statutory law of Arkansas, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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Purpose
Official statutory text
(a) The purpose of this subchapter is to establish a simple and accurate method for computing the present value of both vested life and remainder interests in property through the use of actuarial tables and to make the actuarial tables used in connection therewith current. (b) Nothing contained in this subchapter is intended: (1) To provide when a court shall order a life interest commuted and so payable in gross; or (2) To change the existing jurisdiction of the courts under which such a decree requiring commutation may issue. Acts 1981, No. 350, § 1; A.S.A. 1947, § 50-701.
(a) The purpose of this subchapter is to establish a simple and accurate method for computing the present value of both vested life and remainder interests in property through the use of actuarial tables and to make the actuarial tables used in connection therewith current.
(b) Nothing contained in this subchapter is intended: (1) To provide when a court shall order a life interest commuted and so payable in gross; or (2) To change the existing jurisdiction of the courts under which such a decree requiring commutation may issue.
(1) To provide when a court shall order a life interest commuted and so payable in gross; or
(2) To change the existing jurisdiction of the courts under which such a decree requiring commutation may issue.
Acts 1981, No. 350, § 1; A.S.A. 1947, § 50-701.
(a) The purpose of this subchapter is to establish a simple and accurate method for computing the present value of both vested life and remainder interests in property through the use of actuarial tables and to make the actuarial tables used in connection therewith current.
(b) Nothing contained in this subchapter is intended: (1) To provide when a court shall order a life interest commuted and so payable in gross; or (2) To change the existing jurisdiction of the courts under which such a decree requiring commutation may issue.
(1) To provide when a court shall order a life interest commuted and so payable in gross; or
(2) To change the existing jurisdiction of the courts under which such a decree requiring commutation may issue.
Acts 1981, No. 350, § 1; A.S.A. 1947, § 50-701.
Status: in_force
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