Ark. Code § 23-51-146

Current with legislation from 2024 Fiscal and Special Sessions.

Section 23-51-146 - Fiduciary responsibility

The board of a state trust company is responsible for the proper exercise of fiduciary powers by the state trust company and each matter pertinent to the exercise of fiduciary powers, including:

(1) The determination of policies;

(2) The investment and disposition of property held in a fiduciary capacity; and

(3) The direction and review of the actions of each officer, employee, and committee used by the state trust company in the exercise of its fiduciary powers.

Ark. Code § 23-51-146

Acts 1997, No. 940, § 46.