Consistent with § 23-51-189, the Bank Commissioner shall have the right, and is hereby empowered, to require the immediate removal from office of any officer, director, or employee of any authorized trust institution who shall be found to be dishonest, incompetent, or reckless in the management of the affairs of the authorized trust institution or who persistently violates the laws of this state or the lawful orders, instructions, and rules issued by the commissioner.
Ark. Code Ann. § 23-51-191
Removal of directors, officers, and employees
Known as the Arkansas Trust Institutions Act
The act spans §§ 23–23 (100 sections).
Acts 1997, No. 940, § 91; 2019, No. 315, § 2606.
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.