Arkansas Statutes
§ 23-47-805 — Deposits
Arkansas·Title 23
(a)A subsidiary trust company or national trust company may deposit with an affiliated bank fiduciary funds that are being held pending investment, distribution, or payment of debts.
(b)A subsidiary trust company or national trust company may deposit with an affiliated bank fiduciary funds as a permanent investment if authorized by the settlor in the instrument creating the trust or if authorized in a writing delivered to the trustee by a beneficiary currently eligible to receive distributions from a trust.
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Legislative History
Acts 1997, No. 89, § 1.
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