A state trust company may go into voluntary liquidation and be closed, and may surrender its charter and franchise as a corporation of this state by the affirmative votes of its shareholders owning a majority of its voting stock.
Ark. Code Ann. § 23-51-156
Required vote of shareholders
Known as the Arkansas Trust Institutions Act
The act spans §§ 23-51-101 to 23-51-200 (100 sections).
Acts 1997, No. 940, § 56.
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.