Arkansas Statutes
§ 23-51-104 — Organization and powers of state trust company
Arkansas § 23-51-104
JurisdictionArkansas
Title23
This text of Arkansas § 23-51-104 (Organization and powers of state trust company) 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. § 23-51-104 (2026).
Text
(a)Subject to the other provisions of this chapter, one or more persons may organize and charter a state trust company. A state trust company may perform any act as a fiduciary or engage in any trust business within or without this state.
(b)Subject to § 23-51-111 , a state trust company may exercise the powers of an Arkansas business corporation reasonably necessary or helpful to enable exercise of its specific powers under this chapter.
(c)A state trust company may contribute to community funds, or to charitable, philanthropic, or benevolent instrumentalities conducive to public welfare, amounts that its board considers appropriate and in the interests of the state trust company.
(d)Subject to § 23-51-130 , a state trust company may deposit trust funds with itself or an affiliate. (e
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Legislative History
Acts 1997, No. 940, § 4.
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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Bluebook (online)
Arkansas § 23-51-104, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/23-51-104.