(a) A subsidiary trust company or national trust company may deposit with an affiliated bank fiduciary funds that are being held pending investment, distribution, or payment of debts.
(b) A subsidiary trust company or national trust company may deposit with an affiliated bank fiduciary funds as a permanent investment if authorized by the settlor in the instrument creating the trust or if authorized in a writing delivered to the trustee by a beneficiary currently eligible to receive distributions from a trust.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 47 - Bank Powers — Subsidiaries
Subchapter 8 - Subsidiary Trust Companies
§ 23-47-802. Subsidiary trust companies — Creation, formation, etc. — Powers — Location
§ 23-47-803. Substitution of subsidiary trust company or national trust company for affiliated bank
§ 23-47-804. Removal of accounts from operation of substitution agreement — Denial of substitution