Certain criminal offenses

Ark. Code Ann. § 23-51-304 — under ARKANSAS TRUST INSTITUTIONS ACT OF 2025.

Ark. Code Ann. § 23-51-304

(a) (1) An officer, director, employee, or shareholder of a state trust company commits an offense if the officer, director, employee, or shareholder of a state trust company knowingly:(A) Conceals information or a fact or removes, destroys, or conceals a book or record of the state trust company for the purpose of concealing information or a fact from the Bank Commissioner or an agent of the commissioner; or(B) For the purpose of concealing information, removes or destroys a book or record of the state trust company that is material to a pending or anticipated legal or administrative proceeding.(2) An officer, director, or employee of a state trust company commits an offense if the person knowingly makes a false entry in the books or records or in a report or statement of the state trust company.(3) An offense under this subsection is a Class D felony.

(1) An officer, director, employee, or shareholder of a state trust company commits an offense if the officer, director, employee, or shareholder of a state trust company knowingly:(A) Conceals information or a fact or removes, destroys, or conceals a book or record of the state trust company for the purpose of concealing information or a fact from the Bank Commissioner or an agent of the commissioner; or(B) For the purpose of concealing information, removes or destroys a book or record of the state trust company that is material to a pending or anticipated legal or administrative proceeding.

(A) Conceals information or a fact or removes, destroys, or conceals a book or record of the state trust company for the purpose of concealing information or a fact from the Bank Commissioner or an agent of the commissioner; or

(B) For the purpose of concealing information, removes or destroys a book or record of the state trust company that is material to a pending or anticipated legal or administrative proceeding.

(2) An officer, director, or employee of a state trust company commits an offense if the person knowingly makes a false entry in the books or records or in a report or statement of the state trust company.

(3) An offense under this subsection is a Class D felony.

(b) A person who knowingly fails or refuses to file the application for acquisition of control of a state trust company as required by § 23-51-602 commits a Class A misdemeanor.