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Transactions in state trust company shares.

Ark. Code Ann. § 23-51-505
in effect
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(a) A state trust company may acquire its own shares if: (1) The amount of its undivided profits is sufficient to fully absorb the acquisition of the shares under regulatory accounting principles; and (2) The state trust company obtains the prior written approval of the Bank Commissioner. (b) A state trust company shall not make loans upon the security of its own shares.
Source: Arkansas General Assembly, Acts of 2021-2026 (arkleg.state.ar.us)URL: https://arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=237.pdf&ddBienniumSession=2025%2F2025RFetched: 11/8/2026

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