Ark. Code Ann. § 18-3-103
This is the official text of Ark. Code Ann. § 18-3-103, 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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Reformation
Official statutory text
Upon the petition of an interested person, a court shall reform a disposition in the manner that most closely approximates the transferor's manifested plan of distribution and is within the 365 years allowed by § 18-3-101(a)(2) , § 18-3-101(b)(2) , or § 18-3-101(c)(2) if: (1) a nonvested property interest or a power of appointment becomes invalid under § 18-3-101 ; (2) a class gift is not but might become invalid under § 18-3-101 and the time has arrived when the share of any class member is to take effect in possession or enjoyment; or (3) a nonvested property interest that is not validated by § 18-3-101(a)(1) can vest but not within 365 years after its creation. Amended by Act 2023, No. 719,§ 2, eff. 8/1/2023. Acts 2007, No. 240, § 1.
Upon the petition of an interested person, a court shall reform a disposition in the manner that most closely approximates the transferor's manifested plan of distribution and is within the 365 years allowed by § 18-3-101(a)(2) , § 18-3-101(b)(2) , or § 18-3-101(c)(2) if:
(1) a nonvested property interest or a power of appointment becomes invalid under § 18-3-101 ;
(2) a class gift is not but might become invalid under § 18-3-101 and the time has arrived when the share of any class member is to take effect in possession or enjoyment; or
(3) a nonvested property interest that is not validated by § 18-3-101(a)(1) can vest but not within 365 years after its creation.
Amended by Act 2023, No. 719,§ 2, eff. 8/1/2023.
Acts 2007, No. 240, § 1.
Upon the petition of an interested person, a court shall reform a disposition in the manner that most closely approximates the transferor's manifested plan of distribution and is within the 365 years allowed by § 18-3-101(a)(2) , § 18-3-101(b)(2) , or § 18-3-101(c)(2) if:
(1) a nonvested property interest or a power of appointment becomes invalid under § 18-3-101 ;
(2) a class gift is not but might become invalid under § 18-3-101 and the time has arrived when the share of any class member is to take effect in possession or enjoyment; or
(3) a nonvested property interest that is not validated by § 18-3-101(a)(1) can vest but not within 365 years after its creation.
Amended by Act 2023, No. 719,§ 2, eff. 8/1/2023.
Acts 2007, No. 240, § 1.
Status: in_force
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