Arkansas Code of 1987 (2023)
Title 18 - PROPERTY (§§ 18-1-101 — 18-61-106)
Subtitle 1 - GENERAL PROVISIONS (§§ 18-1-101 — 18-4-208)
Chapter 2 - COMMUTATION OF INTERESTS (§§ 18-2-101 — 18-2-106)
Section 18-2-102 - Commutation of single life interest

Universal Citation:
AR Code § 18-2-102 (2023)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

In any legal proceeding wherein the court shall decree that a vested right to future income for life from property is to be commuted and an amount payable in gross be substituted for the property right, then the value of the interest shall be computed by use of the table and in the manner described in the example appearing in § 18-2-105 unless parties to the proceeding submit an agreement for a division of the proceeds which the court approves.

Acts 1981, No. 350, § 2; A.S.A. 1947, § 50-702.


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