Qualification as successor fiduciary

1. Law
2. Arkansas Code
3. Public Utilities and Regulated Industries
4. Financial Institutions And Securities
5. Bank Powers — Subsidiaries
6. Subsidiary Trust Companies
7. Qualification as successor fiduciary

For the purposes of qualification as successor fiduciary under any requirements contained in any document creating a fiduciary account or any statute of this state relating to fiduciary accounts, the subsidiary trust company or national trust company:

1. (1) Is considered to have capital and surplus equal to its capital and surplus plus the capital and surplus of its owning bank holding company; and

2. (2) Shall be treated as a national bank, unless:

   1. (A) It is not a national bank under federal law relating to national banks; and

   2. (B) It has not entered into a substitution agreement with an affiliated bank that is a national bank under federal law relating to national banks.

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