Arkansas Statutes
§ 23-47-807 — Qualification as successor fiduciary
Arkansas·Title 23
For the purposes of qualification as successor fiduciary under any requirements contained in any document creating a fiduciary account or any statute of this state relating to fiduciary accounts, the subsidiary trust company or national trust company:
(1)Is considered to have capital and surplus equal to its capital and surplus plus the capital and surplus of its owning bank holding company; and (2) Shall be treated as a national bank, unless:
(A)It is not a national bank under federal law relating to national banks; and (B) It has not entered into a substitution agreement with an affiliated bank that is a national bank under federal law relating to national banks.
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Legislative History
Acts 1997, No. 89, § 1.
Nearby Sections
15
§ 23-1-101
Definitions§ 23-1-103
Compliance with Acts 1935, No. 324, and rules of commission required - Penalties for noncompliance§ 23-1-106
Penalties cumulative - Recovery of penalty not bar to further penalty or criminal prosecution§ 23-1-108
Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
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