{"data":{"id":"us-ar/ark.-code-ann.-23-51-165","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 23-51-165","heading":"Companies authorized to act as fiduciaries","body":"(a) A company shall not act as a fiduciary in this state except: (1) A state trust company; (2) A state bank; (3) An association organized under the laws of this state and authorized to act as a fiduciary under § 23-37-101 et seq.; (4) A national bank having its principal office in this state and authorized by the United States Comptroller of the Currency to act as a fiduciary under 12 U.S.C. § 92a ; (5) A federally chartered savings association having its principal office in this state and authorized by its federal chartering authority to act as a fiduciary; (6) A subsidiary trust company authorized to act as a fiduciary under § 23-47-801 et seq.; (7) An out-of-state bank with a branch in this state established or maintained under the Arkansas Interstate Banking and Branching Act, § 23-48-901 et seq., or a trust office licensed by the Bank Commissioner under this chapter; (8) An out-of-state trust company with a trust office licensed by the commissioner under this chapter; or (9) A foundation. (b) A company shall not engage in an unauthorized trust activity. Amended by Act 2019, No. 836,§ 4, eff. 7/24/2019. Acts 1997, No. 940, § 65.\n\n(a) A company shall not act as a fiduciary in this state except: (1) A state trust company; (2) A state bank; (3) An association organized under the laws of this state and authorized to act as a fiduciary under § 23-37-101 et seq.; (4) A national bank having its principal office in this state and authorized by the United States Comptroller of the Currency to act as a fiduciary under 12 U.S.C. § 92a ; (5) A federally chartered savings association having its principal office in this state and authorized by its federal chartering authority to act as a fiduciary; (6) A subsidiary trust company authorized to act as a fiduciary under § 23-47-801 et seq.; (7) An out-of-state bank with a branch in this state established or maintained under the Arkansas Interstate Banking and Branching Act, § 23-48-901 et seq., or a trust office licensed by the Bank Commissioner under this chapter; (8) An out-of-state trust company with a trust office licensed by the commissioner under this chapter; or (9) A foundation.\n\n(1) A state trust company;\n\n(2) A state bank;\n\n(3) An association organized under the laws of this state and authorized to act as a fiduciary under § 23-37-101 et seq.;\n\n(4) A national bank having its principal office in this state and authorized by the United States Comptroller of the Currency to act as a fiduciary under 12 U.S.C. § 92a ;\n\n(5) A federally chartered savings association having its principal office in this state and authorized by its federal chartering authority to act as a fiduciary;\n\n(6) A subsidiary trust company authorized to act as a fiduciary under § 23-47-801 et seq.;\n\n(7) An out-of-state bank with a branch in this state established or maintained under the Arkansas Interstate Banking and Branching Act, § 23-48-901 et seq., or a trust office licensed by the Bank Commissioner under this chapter;\n\n(8) An out-of-state trust company with a trust office licensed by the commissioner under this chapter; or\n\n(9) A foundation.\n\n(b) A company shall not engage in an unauthorized trust activity.","path":["AR Code","Title 23","Chapter 51"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"824876d3103c7241585fec70cb671b270a885f6e1aa8f3e58b9b37909e60be49","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-23-51-164","next":"us-ar/ark.-code-ann.-23-51-166"},"notice":"GroundRules: Original legal text. Not legal advice."}