Statutes > Arkansas Statutes > Title 23 - Public Utilities and Regulated Industries > Subtitle 2 - Financial Institutions And Securities > Chapter 51 - Trust Institutions > § 23-51-156 - Required vote of shareholders.

§ 23-51-156 - Required vote of shareholders.

23-51-156. Required vote of shareholders.

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.