Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-51-162. When commissioner may take possession of state trust company

(1) Has violated its charter or any laws applicable thereto;

(2) Is conducting its business in an unauthorized or unsafe manner;

(3) Is in an unsafe or unsound condition to transact its business;

(4) Has an impairment of its capital;

(5) Is in a hazardous condition;

(6) Has become otherwise insolvent;

(7) Has neglected or refused to comply with the terms of a duly issued lawful order of the commissioner;

(8) Has refused, upon proper demand, to submit its records, affairs, and concerns for inspection and examination of a duly appointed or authorized examiner of the commissioner;

(9) Is employing officers who have refused to be examined upon oath regarding its affairs; or

(10) Has made a voluntary assignment of its assets to trustees.