Arkansas § 23-51-146 Fiduciary responsibility

Arkansas Statutes

§ 23-51-146 — Fiduciary responsibility

Arkansas § 23-51-146

Title23

This text of Arkansas § 23-51-146 (Fiduciary responsibility) 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. § 23-51-146 (2026).

Text

The board of a state trust company is responsible for the proper exercise of fiduciary powers by the state trust company and each matter pertinent to the exercise of fiduciary powers, including:

(1)The determination of policies;

(2)The investment and disposition of property held in a fiduciary capacity; and (3) The direction and review of the actions of each officer, employee, and committee used by the state trust company in the exercise of its fiduciary powers.

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The board of a state trust company is responsible for the proper exercise of fiduciary powers by the state trust company and each matter pertinent to the exercise of fiduciary powers, including: (1) The determination of policies; (2) The investment and disposition of property held in a fiduciary capacity; and (3) The direction and review of the actions of each officer, employee, and committee used by the state trust company in the exercise of its fiduciary powers.