A state trust company may go into voluntary liquidation and be closed, and may surrender its charter and franchise as a corporation of this state by the affirmative votes of its shareholders owning a majority of its voting stock.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 51 - Arkansas Trust Institutions Act
§ 23-51-102. Certain definitions
§ 23-51-104. Organization and powers of state trust company
§ 23-51-105. Articles of association of state trust company
§ 23-51-106. Application for state trust company charter
§ 23-51-107. Notice and investigation of charter application
§ 23-51-108. Hearing and decision on charter application
§ 23-51-109. Issuance of charter
§ 23-51-111. Application of laws relating to general business corporations
§ 23-51-112. Commissioner hearings — Appeals
§ 23-51-113. Trust companies chartered under prior law
§ 23-51-114. Amendment of state trust company articles of association
§ 23-51-115. Establishing a series of shares
§ 23-51-116. Change in outstanding capital and surplus
§ 23-51-117. Capital notes or debentures
§ 23-51-118. Private trust company
§ 23-51-119. Requirements for a private trust company
§ 23-51-120. Conversion to public trust company
§ 23-51-121. Investment in state trust company facilities — Definition
§ 23-51-122. Other real estate
§ 23-51-124. Transactions in state trust company shares
§ 23-51-127. Engaging in commerce prohibited
§ 23-51-129. Lease financing transactions
§ 23-51-131. Common investment funds
§ 23-51-134. Acquisition of control
§ 23-51-135. Application regarding acquisition of control
§ 23-51-136. Hearing and decision on acquisition of control
§ 23-51-137. Appeal from adverse decision
§ 23-51-138. Objection to other transfer
§ 23-51-139. Civil enforcement — Criminal penalties
§ 23-51-140. Voting securities held by state trust company
§ 23-51-142. Board of directors
§ 23-51-144. Certain criminal offenses
§ 23-51-145. Transactions with management and affiliates
§ 23-51-146. Fiduciary responsibility
§ 23-51-148. Bonding requirements
§ 23-51-149. Reports of apparent crime
§ 23-51-151. Merger application
§ 23-51-152. Approval of commissioner
§ 23-51-153. Rights of dissenters to mergers
§ 23-51-154. Authority to purchase assets of another trust institution
§ 23-51-156. Required vote of shareholders
§ 23-51-157. Corporate procedure
§ 23-51-158. Authority to liquidate — Publication
§ 23-51-159. Examination and reports
§ 23-51-160. Unclaimed property
§ 23-51-161. Sale or transfer of property
§ 23-51-162. When commissioner may take charge
§ 23-51-163. Directors may act
§ 23-51-164. Application of Arkansas Banking Code of 1997
§ 23-51-165. Companies authorized to act as fiduciaries
§ 23-51-166. Activities not requiring a charter, etc
§ 23-51-167. Trust business of state trust institution
§ 23-51-168. Trust business of out-of-state trust institution
§ 23-51-169. Name of trust institution
§ 23-51-171. Branches and offices of state trust institutions
§ 23-51-172. State trust company principal office
§ 23-51-174. Out-of-state offices
§ 23-51-175. Trust business at a branch or trust office
§ 23-51-176. Establishing an interstate trust office
§ 23-51-177. Acquiring an interstate trust office
§ 23-51-178. Requirement of notice
§ 23-51-179. Conditions for approval
§ 23-51-180. Additional trust offices
§ 23-51-181. Examinations — Periodic reports — Cooperative agreements — Assessment of fees
§ 23-51-183. Notice of subsequent merger, closing, etc
§ 23-51-184. Commissioner shall supervise and examine authorized trust institutions
§ 23-51-185. Examinations — Assessments
§ 23-51-186. Statements of condition and income
§ 23-51-187. Confidential records
§ 23-51-188. Administrative orders — Penalties for violation
§ 23-51-189. Notice and opportunity for hearing
§ 23-51-190. Subpoena power and examination under oath
§ 23-51-191. Removal of directors, officers, and employees
§ 23-51-192. Delegation and fiduciary responsibility
§ 23-51-194. Fee determination
§ 23-51-195. Disclosure of potential conflicts of interest
§ 23-51-196. Interests in trust institutions prohibited
§ 23-51-197. Designation of trustee