§ 23-51-113 - Trust companies chartered under prior law.
23-51-113. Trust companies chartered under prior law.
The charter of a corporation which was previously a trust company incorporated under any laws of this state prior to the adoption of the Arkansas Banking Code of 1997, 23-45-101 et seq., 23-46-101 et seq., 23-47-101 et seq., 23-48-101 et seq., 23-49-101 et seq., and 23-50-101 et seq., may be converted to a state trust company under this chapter, if the charter, or evidence satisfactory to the Bank Commissioner that such corporation is still in existence and in good standing, is presented to the State Bank Department within six (6) months of enactment of this chapter for substitution of a charter issued under this chapter.