For the purposes of qualification as successor fiduciary under any requirements contained in any document creating a fiduciary account or any statute of this state relating to fiduciary accounts, the subsidiary trust company or national trust company:
(1) Is considered to have capital and surplus equal to its capital and surplus plus the capital and surplus of its owning bank holding company; and
(2) Shall be treated as a national bank, unless:
(A) It is not a national bank under federal law relating to national banks; and
(B) It has not entered into a substitution agreement with an affiliated bank that is a national bank under federal law relating to national banks.
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