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§ 23-51-165. Companies authorized to act as fiduciaries

AR Code § 23-51-165 (2018) (N/A)
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(a) No company shall act as a fiduciary in this state except:

(1) A state trust company;

(2) A state bank;

(3) An association organized under the laws of this state and authorized to act as a fiduciary pursuant to § 23-37-101 et seq.

(4) A national bank having its principal office in this state and authorized by the Comptroller of the Currency to act as a fiduciary pursuant to 12 U.S.C. § 92a;

(5) A federally chartered savings association having its principal office in this state and authorized by its federal chartering authority to act as a fiduciary;

(6) A subsidiary trust company authorized to act as a fiduciary under § 23-47-801 et seq.;

(7) An out-of-state bank with a branch in this state established or maintained pursuant to the Arkansas Interstate Banking and Branching Act, § 23-48-901 et seq., or a trust office licensed by the Bank Commissioner pursuant to this chapter;

(8) An out-of-state trust company with a trust office licensed by the commissioner pursuant to this chapter.

(b) No company shall engage in an unauthorized trust activity.

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§ 23-51-164. Application of Arkansas Banking Code of 1997
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§ 23-51-166. Activities not requiring a charter, etc