A state trust company may not pledge or create a lien on any of its assets except to secure the repayment of money borrowed or as specifically authorized or required by § 23-51-130, or by rules adopted under this chapter. An act, deed, conveyance, pledge, or contract in violation of this section is void.
Ark. Code Ann. § 23-51-133
Pledge of assets
Known as the Arkansas Trust Institutions Act
The act spans §§ 23–23 (100 sections).
Acts 1997, No. 940, § 33; 2019, No. 315, § 2588.
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.