(a) (1) To the extent consistent with § 23-51-203, the Bank Commissioner may make an examination of an office established and maintained in this state under this chapter by an out-of-state trust institution as the commissioner may deem necessary to determine whether the office is being operated in compliance with the laws of this state and according to safe and sound banking practices.(2) The Arkansas Banking Code of 1997, § 23-45-101 et seq., applies to an examination under subdivision (a)(1) of this section.
(1) To the extent consistent with § 23-51-203, the Bank Commissioner may make an examination of an office established and maintained in this state under this chapter by an out-of-state trust institution as the commissioner may deem necessary to determine whether the office is being operated in compliance with the laws of this state and according to safe and sound banking practices.
(2) The Arkansas Banking Code of 1997, § 23-45-101 et seq., applies to an examination under subdivision (a)(1) of this section.
(b) (1) The commissioner may require a periodic report regarding an out-of-state trust institution that has established and maintained an office in this state under this chapter.(2) The periodic report required under subdivision (b)(1) of this section shall be provided by the trust institution or by the home state regulator.(3) A reporting requirement prescribed by the commissioner under this subsection shall be consistent with the reporting requirements applicable to state trust companies and appropriate for the purpose of enabling the commissioner to carry out his or her responsibilities under this chapter.
(1) The commissioner may require a periodic report regarding an out-of-state trust institution that has established and maintained an office in this state under this chapter.
(2) The periodic report required under subdivision (b)(1) of this section shall be provided by the trust institution or by the home state regulator.
(3) A reporting requirement prescribed by the commissioner under this subsection shall be consistent with the reporting requirements applicable to state trust companies and appropriate for the purpose of enabling the commissioner to carry out his or her responsibilities under this chapter.