Arkansas § 23-47-804 Removal of accounts from operation of substitution agreement - Denial of substitution

Arkansas Statutes

§ 23-47-804 — Removal of accounts from operation of substitution agreement - Denial of substitution

Arkansas § 23-47-804

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This text of Arkansas § 23-47-804 (Removal of accounts from operation of substitution agreement - Denial of substitution) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 23-47-804 (2026).

Text

(a)A fiduciary account may be removed from the operation of the agreement by an amendment to the agreement filed with the Bank Commissioner before the effective date stated in the agreement.

(b)The substitution of a subsidiary trust company or national trust company as fiduciary of an account may be denied if the court having jurisdiction, on notice and hearing, determines that the substitution of fiduciary is a material detriment to the account or to the beneficiaries of the account.

(c)Subsection (b) of this section is cumulative to any applicable provision for removal of a fiduciary or appointment of a successor fiduciary under Arkansas law or in the instrument creating the fiduciary relationship.

(d)In any proceeding under this section, the court may award costs and reasonable and

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(a) A fiduciary account may be removed from the operation of the agreement by an amendment to the agreement filed with the Bank Commissioner before the effective date stated in the agreement. (b) The substitution of a subsidiary trust company or national trust company as fiduciary of an account may be denied if the court having jurisdiction, on notice and hearing, determines that the substitution of fiduciary is a material detriment to the account or to the beneficiaries of the account. (c) Subsection (b) of this section is cumulative to any applicable provision for removal of a fiduciary or appointment of a successor fiduciary under Arkansas law or in the instrument creating the fiduciary relationship. (d) In any proceeding under this section, the court may award costs and reasonable and necessary attorney's fees as the court considers equitable and just.