{"data":{"id":"us-ar/ark.-code-ann.-23-51-196","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 23-51-196","heading":"Interests in trust institutions prohibited","body":"(a) Neither the Bank Commissioner nor any employee or officer of the State Bank Department who participates in the examination of a trust institution, or who may be called upon to make an official decision or determination affecting the operation of a trust institution, shall be an officer, director, attorney, owner, or holder of stock in any state trust company, or any company which owns or controls a state trust company, or receive, directly or indirectly, any payment or gratuity from any such organizations. A person subject to this section may not borrow money from a state trust company. (b) A person subject to this section may: (1) Be a depositor in any trust institution that the department regulates; and (2) Purchase trust or fiduciary services, other than credit services, under rates and terms generally available to other customers of the trust institution. Acts 1997, No. 940, § 96.\n\n(a) Neither the Bank Commissioner nor any employee or officer of the State Bank Department who participates in the examination of a trust institution, or who may be called upon to make an official decision or determination affecting the operation of a trust institution, shall be an officer, director, attorney, owner, or holder of stock in any state trust company, or any company which owns or controls a state trust company, or receive, directly or indirectly, any payment or gratuity from any such organizations. A person subject to this section may not borrow money from a state trust company.\n\n(b) A person subject to this section may: (1) Be a depositor in any trust institution that the department regulates; and (2) Purchase trust or fiduciary services, other than credit services, under rates and terms generally available to other customers of the trust institution.\n\n(1) Be a depositor in any trust institution that the department regulates; and\n\n(2) Purchase trust or fiduciary services, other than credit services, under rates and terms generally available to other customers of the trust institution.","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":"19057534af59b68abc2b149c1ebfb5a5614083bdf9607765eb544de13a59f544","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-23-51-195","next":"us-ar/ark.-code-ann.-23-51-197"},"notice":"GroundRules: Original legal text. Not legal advice."}