TO REPEAL THE ARKANSAS TRUST INSTITUTIONS ACT; AND TO CREATE THE ARKANSAS TRUST INSTITUTIONS ACT OF 2025.
SB 230 repeals Arkansas' existing Trust Institutions Act and replaces it with the "Arkansas Trust Institutions Act of 2025." The bill specifically amends the commissioner's authority to deny approval for additional trust offices (as shown in the substituted text). This directly affects trust institutions seeking to expand operations and the state commissioner overseeing trust regulations. The legislation, now Act 237, updates administrative procedures without changing core trust institution requirements.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
Feb 2025
Senate Passage
Mar 2025
House Passage
Mar 2025
Signed into Law
Mar 2025
Introduced Feb 13, 2025
Signed Mar 4, 2025
Maddy AI version diff · 1 comparison
What changed between versions
Act 237
→
SB 230
·
2 edits
MINOR
The bill text was reformatted from 'Act 237' to 'SB 230' with no substantive policy changes. The document now includes standard legislative formatting elements such as the state name, assembly session details, and bill number, while removing the previous act designation.
TECHNICAL
Removed the reference to 'Act 237 of the Regular Session' from the header.
Added standard legislative formatting including the state name, assembly session details, and bill number designation.
Floor votes · Senate Feb 19, 2025 · House Mar 3, 2025
How they voted
27–0
Passed · 8 other
Total votes 35
Feb 19, 2025
D
Democratic6
50% Yea
R
Republican29
82% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
19
Key actions
7
Committee
3
Mar 4, 2025
Signed into law
Notification that SB230 is now Act 237
upper
Mar 3, 2025
Upper · Passed
Returned from the House as passed.
upper
Mar 3, 2025
Lower · Passed
Returned to the Senate as passed.
lower
Mar 3, 2025
Lower · Passed
Read the third time and passed and ordered transmitted to the Senate.
lower
Feb 26, 2025
Lower · Passed
Returned by the Committee Do Pass
lower
Feb 19, 2025
Upper · Passed
Read the third time and passed.
upper
Feb 18, 2025
Upper · Passed
Returned by the Committee, with the recommendation that it Do Pass
upper
Feb 17, 2025
Committee
Re-referred to INSURANCE & COMMERCE - SENATE
upper
Feb 13, 2025
Introduced
Filed
upper
2 primary · 0 co-sponsors
Sponsors
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