Arkansas Code
Chapter 51 - Arkansas Trust Institutions Act
§ 23-51-172. State trust company principal office

(a) Each state trust company must have and continuously maintain a principal office in this state.
(b) Each executive officer at the principal office is an agent of the state trust company for service of process.
(c) A state trust company may change its principal office to any location within this state by filing a written notice with the Bank Commissioner setting forth the name of the state trust company, the street address of its principal office before the change, the street address to which the principal office is to be changed, and a copy of the resolution adopted by the board authorizing the change.
(d) The change of principal office shall take effect thirty (30) days after the date the commissioner receives the notice pursuant to subsection (c) of this section, unless the commissioner establishes another date or unless prior to that day the commissioner notifies the state trust company that it must establish to the satisfaction of the commissioner that the relocation is consistent with the original determination made under § 23-51-106(b) for the establishment of a state trust company at that location, in which event the change of principal office shall take effect when approved by the commissioner.

Structure Arkansas Code

Arkansas Code

Title 23 - Public Utilities and Regulated Industries

Subtitle 2 - Financial Institutions And Securities

Chapter 51 - Arkansas Trust Institutions Act

§ 23-51-101. Title

§ 23-51-102. Certain definitions

§ 23-51-103. Rules

§ 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

§ 23-51-110. Required capital

§ 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

§ 23-51-123. Securities

§ 23-51-124. Transactions in state trust company shares

§ 23-51-125. Subsidiaries

§ 23-51-126. Mutual funds

§ 23-51-127. Engaging in commerce prohibited

§ 23-51-128. Lending limits

§ 23-51-129. Lease financing transactions

§ 23-51-130. Trust deposit

§ 23-51-131. Common investment funds

§ 23-51-132. Borrowing limit

§ 23-51-133. Pledge of assets

§ 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

§ 23-51-141. Bylaws

§ 23-51-142. Board of directors

§ 23-51-143. Officers

§ 23-51-144. Certain criminal offenses

§ 23-51-145. Transactions with management and affiliates

§ 23-51-146. Fiduciary responsibility

§ 23-51-147. Recordkeeping

§ 23-51-148. Bonding requirements

§ 23-51-149. Reports of apparent crime

§ 23-51-150. Merger authority

§ 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

§ 23-51-155. Sale of assets

§ 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

§ 23-51-170. Trust business

§ 23-51-171. Branches and offices of state trust institutions

§ 23-51-172. State trust company principal office

§ 23-51-173. Trust 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

§ 23-51-182. Enforcement

§ 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

§ 23-51-193. Affiliates

§ 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

§ 23-51-198. Choice of law governing trusts

§ 23-51-199. Choice of law governing fiduciary investments