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    • Legislation USA
    • Arkansas Code
    • Title 23 - Public Utilities and Regulated Industries
    • Subtitle 2 - Financial Institutions And Securities
    • Chapter 47 - Bank Powers — Subsidiaries
    • Subchapter 7 - Trust Powers
    • § 23-47-704. Segregation of fiduciary and general assets — Separate books and records

    Arkansas Code
    Subchapter 7 - Trust Powers
    § 23-47-704. Segregation of fiduciary and general assets — Separate books and records

    State banks exercising any or all of the powers enumerated in this subchapter shall segregate all assets held in its trust department from the general assets of the bank and shall keep a separate set of books and records showing in proper detail all transactions engaged in under authority of this subchapter.

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    Structure Arkansas Code

    Arkansas Code

    Title 23 - Public Utilities and Regulated Industries

    Subtitle 2 - Financial Institutions And Securities

    Chapter 47 - Bank Powers — Subsidiaries

    Subchapter 7 - Trust Powers

    § 23-47-701. Authority of Bank Commissioner

    § 23-47-702. Considerations determinative of grant or denial of applications

    § 23-47-703. Grant and exercise of powers deemed not in contravention of Arkansas law

    § 23-47-704. Segregation of fiduciary and general assets — Separate books and records

    § 23-47-705. Prohibited operations — Separate investment account — Collateral for certain funds used in conduct of business — Lien and claim upon state bank failure

    § 23-47-706. Official's oath or affidavit

    § 23-47-707. Loans of trust funds to officers and employees prohibited — Penalties

    § 23-47-708. Surrender of authorization — Board resolution — Commissioner certification — Activities affected

    § 23-47-709. Revocation — Procedures available

    § 23-47-710. Services provided by affiliates

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