Arkansas § 23-47-807 Qualification as successor fiduciary

Arkansas Statutes

§ 23-47-807 — Qualification as successor fiduciary

Arkansas § 23-47-807

Title23

This text of Arkansas § 23-47-807 (Qualification as successor fiduciary) 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. § 23-47-807 (2026).

Text

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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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.