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Ark. Code Ann. § 23-51-131

Common investment funds

Known as the Arkansas Trust Institutions Act

The act spans §§ 23-51-101 to 23-51-200 (100 sections).

Acts 1997, No. 940, § 31; 2019, No. 315, § 2587.

(1) A state trust company may establish common trust funds to provide investment to itself as a fiduciary.

(2) The Bank Commissioner may adopt rules to administer and carry out this section, including but not limited to rules to establish investment and participation limitations, disclosure of fees, audit requirements, limit or expand investment authority for particular classes or categories of securities or other property, advertising, exemptions, and other requirements that may be necessary to carry out this section.

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.