Browse Arkansas Code titles and sections
23-51-124. Transactions in state trust company shares.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-51-124. Transactions in state trust company shares.
(a) A state trust company may acquire its own shares if:
(1) The amount of its undivided profits is sufficient to fully absorb the acquisition of the shares under regulatory accounting principles; and
(2) The state trust company obtains the prior written approval of the Bank Commissioner.
(b) A state trust company shall not make loans upon the security of its own shares.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-51-124
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:23-51-124
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 07601301f8b51bded04b82f2daa5b61888e949708940bb4c9614eda190f13649
Source location: content.xml paragraph 25618
Stored source content
23-51-124. Transactions in state trust company shares.
(a) A state trust company may acquire its own shares if:
(1) The amount of its undivided profits is sufficient to fully absorb the acquisition of the shares under regulatory accounting principles; and
(2) The state trust company obtains the prior written approval of the Bank Commissioner.
(b) A state trust company shall not make loans upon the security of its own shares.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
No explicit source connection was found. This does not mean there are no relevant authorities.