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Section 23-51-132 - Borrowing limit — Arkansas Law | CourtGPT
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  2. Laws/
  3. Arkansas/
  4. Title 23 - Public Utilities and Regulated Industries (§§ 23-1-101 — 23-119-105)/
  5. Subtitle 2 - Financial Institutions and Securities/
  6. Chapter 51 - Arkansas Trust Institutions Act/
  7. Section 23-51-132 - Borrowing limit
Arkansas Legal Code

Section 23-51-132 - Borrowing limit

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Except with the prior written approval of the Bank Commissioner, a state trust company may not have liabilities outstanding exceeding an amount equal to three times its capital base.Acts 1997, No. 940, § 32.