Arkansas Code
Chapter 51 - Arkansas Trust Institutions Act
§ 23-51-184. Commissioner shall supervise and examine authorized trust institutions

Every authorized trust institution shall be under the supervision of the Bank Commissioner. The commissioner shall execute and enforce through the State Bank Department and such other agents as are now or may hereafter be created or appointed, all laws which are now or may hereafter be enacted relating to authorized trust institutions. For the more complete and thorough enforcement of the provisions of this chapter, the commissioner is hereby empowered to promulgate such rules not inconsistent with the provisions of this chapter, as may, in his or her opinion, be necessary to carry out the provisions of the laws relating to authorized trust institutions and as may be further necessary to insure safe and conservative management of an authorized trust institution under his or her supervision taking into consideration the appropriate interest of the creditors, stockholders, and the public in their relations with the authorized trust institutions. All authorized trust institutions doing business under the provisions of this chapter shall conduct their business in a manner consistent with all laws relating to authorized trust institutions and all rules and instructions that may be promulgated or issued 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