Except as otherwise provided by this chapter or rules adopted under this chapter, a state trust company may not invest its funds in trade or commerce by buying, selling, or otherwise dealing in goods or by owning or operating a business not part of the state trust business, except as necessary to fulfil a fiduciary obligation to a client.
Ark. Code Ann. § 23-51-127
Engaging in commerce prohibited
Known as the Arkansas Trust Institutions Act
The act spans §§ 23-51-101 to 23-51-200 (100 sections).
Acts 1997, No. 940, § 27; 2019, No. 315, § 2584.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.