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§ 23-51-101. Title - This chapter may be cited as the “Arkansas Trust Institutions...
§ 23-51-102. Certain definitions - (a) For the purposes of this chapter: (1) “Account” means...
§ 23-51-103. Rules - The Bank Commissioner may promulgate such rules as he or...
§ 23-51-104. Organization and powers of state trust company - (a) Subject to the other provisions of this chapter, one...
§ 23-51-105. Articles of association of state trust company - The articles of association of a state trust company must...
§ 23-51-106. Application for state trust company charter - (a) An application for a state trust company charter must...
§ 23-51-107. Notice and investigation of charter application - (a) The Bank Commissioner shall notify the organizers when the...
§ 23-51-108. Hearing and decision on charter application - (a) No person shall appear in opposition to the application...
§ 23-51-109. Issuance of charter - (a) A state trust company may not engage in the...
§ 23-51-110. Required capital - (a) The Bank Commissioner may not issue a charter to...
§ 23-51-111. Application of laws relating to general business corporations - (a) The Arkansas Business Corporation Act, § 4-27-101 et seq.,...
§ 23-51-112. Commissioner hearings — Appeals - (a) This section does not grant a right to a...
§ 23-51-113. Trust companies chartered under prior law - The charter of a corporation which was previously a trust...
§ 23-51-114. Amendment of state trust company articles of association - (a) A state trust company that has been granted a...
§ 23-51-115. Establishing a series of shares - (a) If the articles of association expressly give the board...
§ 23-51-116. Change in outstanding capital and surplus - (a) A state trust company may not reduce or increase...
§ 23-51-117. Capital notes or debentures - (a) With the prior written approval of the Bank Commissioner,...
§ 23-51-118. Private trust company - (a) A private trust company engaging in the trust business...
§ 23-51-119. Requirements for a private trust company - (a) Application. (1) A private trust company requesting an exemption...
§ 23-51-120. Conversion to public trust company - (a) A private trust company may terminate its status as...
§ 23-51-121. Investment in state trust company facilities — Definition - (a) In this chapter, “state trust company facility” means real...
§ 23-51-122. Other real estate - (a) A state trust company may not acquire real estate...
§ 23-51-123. Securities - (a) A state trust company may invest its corporate funds...
§ 23-51-124. Transactions in state trust company shares - (a) A state trust company may acquire its own shares...
§ 23-51-125. Subsidiaries - (a) Except as otherwise provided by this chapter or rules...
§ 23-51-126. Mutual funds - (a) A state trust company may invest for its own...
§ 23-51-127. Engaging in commerce prohibited - Except as otherwise provided by this chapter or rules adopted...
§ 23-51-128. Lending limits - (a) A state trust company's total outstanding loans and extensions...
§ 23-51-129. Lease financing transactions - (a) Subject to rules adopted under this chapter, a state...
§ 23-51-130. Trust deposit - (a) A state trust company may deposit trust funds with...
§ 23-51-131. Common investment funds - (a) A state trust company may establish common trust funds...
§ 23-51-132. Borrowing limit - Except with the prior written approval of the Bank Commissioner,...
§ 23-51-133. Pledge of assets - A state trust company may not pledge or create a...
§ 23-51-134. Acquisition of control - (a) Except as expressly otherwise permitted, a person may not...
§ 23-51-135. Application regarding acquisition of control - (a) The proposed transferee seeking approval to acquire control of...
§ 23-51-136. Hearing and decision on acquisition of control - (a) Not later than sixty (60) days after the application...
§ 23-51-137. Appeal from adverse decision - (a) (1) If a hearing has been held, the Bank...
§ 23-51-138. Objection to other transfer - This chapter may not be construed to prevent the Bank...
§ 23-51-139. Civil enforcement — Criminal penalties - (a) The Bank Commissioner may bring any appropriate civil action...
§ 23-51-140. Voting securities held by state trust company - (a) Voting securities of a state trust company held by...
§ 23-51-141. Bylaws - Each state trust company shall adopt bylaws and may amend...
§ 23-51-142. Board of directors - (a) The board of a state trust company shall be...
§ 23-51-143. Officers - The board shall annually elect the officers of the state...
§ 23-51-144. Certain criminal offenses - (a) An officer, director, employee or shareholder of a state...
§ 23-51-145. Transactions with management and affiliates - (a) Without the prior approval of a disinterested majority of...
§ 23-51-146. Fiduciary responsibility - The board of a state trust company is responsible for...
§ 23-51-147. Recordkeeping - A state trust company shall keep its fiduciary records separate...
§ 23-51-148. Bonding requirements - (a) The board of a state trust company shall require...
§ 23-51-149. Reports of apparent crime - A trust company that is the victim of a robbery,...
§ 23-51-150. Merger authority - (a) With the prior written approval of the Bank Commissioner,...
§ 23-51-151. Merger application - (a) The original articles of merger, a number of copies...
§ 23-51-152. Approval of commissioner - (a) If the Bank Commissioner approves the merger and finds...
§ 23-51-153. Rights of dissenters to mergers - A shareholder may dissent from the merger to the extent...
§ 23-51-154. Authority to purchase assets of another trust institution - (a) Subject to the provisions of this section, a state...
§ 23-51-155. Sale of assets - (a) The board of a state trust company, with the...
§ 23-51-156. Required vote of shareholders - A state trust company may go into voluntary liquidation and...
§ 23-51-157. Corporate procedure - Shareholder action to liquidate a state trust company shall be...
§ 23-51-158. Authority to liquidate — Publication - If the Bank Commissioner shall approve the liquidation, the commissioner...
§ 23-51-159. Examination and reports - When any state trust company shall be in process of...
§ 23-51-160. Unclaimed property - All unclaimed property remaining in the hands of a liquidated...
§ 23-51-161. Sale or transfer of property - Upon the approval of the Bank Commissioner, any state trust...
§ 23-51-162. When commissioner may take charge - The Bank Commissioner may forthwith take possession of the business...
§ 23-51-163. Directors may act - Any state trust company may place its assets and business...
§ 23-51-164. Application of Arkansas Banking Code of 1997 - When the Bank Commissioner, or duly appointed agent, shall take...
§ 23-51-165. Companies authorized to act as fiduciaries - (a) A company shall not act as a fiduciary in...
§ 23-51-166. Activities not requiring a charter, etc - Notwithstanding any other provision of this chapter, a company does...
§ 23-51-167. Trust business of state trust institution - (a) A state trust institution may act as a fiduciary...
§ 23-51-168. Trust business of out-of-state trust institution - An out-of-state trust institution which establishes or maintains one (1)...
§ 23-51-169. Name of trust institution - A state trust company or out-of-state trust institution may register...
§ 23-51-170. Trust business - A state trust company or a state bank may: (1)...
§ 23-51-171. Branches and offices of state trust institutions - (a) A state trust institution may act as a fiduciary...
§ 23-51-172. State trust company principal office - (a) Each state trust company must have and continuously maintain...
§ 23-51-173. Trust office - (a) A state trust institution may establish or acquire and...
§ 23-51-174. Out-of-state offices - (a) A state bank, a state trust company, or a...
§ 23-51-175. Trust business at a branch or trust office - An out-of-state trust institution may act as a fiduciary in...
§ 23-51-176. Establishing an interstate trust office - (a) An out-of-state trust institution that does not operate a...
§ 23-51-177. Acquiring an interstate trust office - (a) An out-of-state trust institution that does not operate a...
§ 23-51-178. Requirement of notice - An out-of-state trust institution desiring to establish and maintain a...
§ 23-51-179. Conditions for approval - (a) No trust office of an out-of-state trust institution may...
§ 23-51-180. Additional trust offices - An out-of-state trust institution that maintains a trust office in...
§ 23-51-181. Examinations — Periodic reports — Cooperative agreements — Assessment of fees - (a) To the extent consistent with subsection (c) of this...
§ 23-51-182. Enforcement - (a) (1) Consistent with the Arkansas Administrative Procedure Act, §...
§ 23-51-183. Notice of subsequent merger, closing, etc - Each out-of-state trust institution that maintains an office in this...
§ 23-51-184. Commissioner shall supervise and examine authorized trust institutions - Every authorized trust institution shall be under the supervision of...
§ 23-51-185. Examinations — Assessments - (a) The Bank Commissioner may examine each state trust company...
§ 23-51-186. Statements of condition and income - Each state trust company shall periodically file with the Bank...
§ 23-51-187. Confidential records - (a) The following records of the State Bank Department shall...
§ 23-51-188. Administrative orders — Penalties for violation - (a) In addition to any other powers conferred by this...
§ 23-51-189. Notice and opportunity for hearing - Consistent with the Arkansas Administrative Procedure Act, § 25-15-201 et...
§ 23-51-190. Subpoena power and examination under oath - The Bank Commissioner shall have the power to subpoena witnesses,...
§ 23-51-191. Removal of directors, officers, and employees - Consistent with § 23-51-189, the Bank Commissioner shall have the...
§ 23-51-192. Delegation and fiduciary responsibility - (a) Any person acting as a trustee or as any...
§ 23-51-193. Affiliates - (a) Any person acting as a trustee or in any...
§ 23-51-194. Fee determination - The compensation arrangement between a client and any person acting...
§ 23-51-195. Disclosure of potential conflicts of interest - Any company, proposing to act as a trustee or in...
§ 23-51-196. Interests in trust institutions prohibited - (a) Neither the Bank Commissioner nor any employee or officer...
§ 23-51-197. Designation of trustee - Any person residing in this state may designate any trust...
§ 23-51-198. Choice of law governing trusts - Any trust institution that maintains a trust office in this...
§ 23-51-199. Choice of law governing fiduciary investments - Any trust institution that maintains a trust office in this...