Browse Arkansas Code titles and sections
19-3-502. Definitions.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-3-502. Definitions.
As used in this subchapter:
(1) “Bank” means:
(A) A state bank, a national bank, or an out-of-state state-chartered bank that has received a certificate of authority under § 23-48-1001; and
(B) A foreign bank organized under the laws of a territory of the United States, Puerto Rico, Guam, American Samoa, or the United States Virgin Islands if the deposits of the foreign bank are insured by the Federal Deposit Insurance Corporation;
(2) “Bank depository” means a bank or savings and loan association that accepts a deposit of funds from the State Treasury;
(3) “Capital base” means the sum of a bank's capital stock, surplus, and undivided profits, plus any additions and less any subtractions which the Bank Commissioner may by rule prescribe;
(4) “Cash Account” means the asset account in the State Treasury consisting of all cash:
(A) In the hands of the Treasurer of State; and
(B) On deposit in the name of the Treasurer of State in a bank depository;
(5) “Certificate of Deposit Account” means the asset account in the State Treasury consisting of all, but only, certificates of deposit acquired by the Treasurer of State through the State Treasury Certificate of Deposit Investment Program;
(6) “Fund account” means a specifically named liability account in the State Treasury to which moneys are credited upon receipt and charged upon withdrawal that:
(A) Is created or authorized by law; and
(B) Reflects the amount of money owed to an agency or instrumentality of the State of Arkansas;
(7) “Gross treasury fund balances” means the aggregate total amount of the balances standing to the credit of all funds on the records of the Treasurer of State;
(8) “Investment depository” means a person or entity that accepts money or securities
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-3-502
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:19-3-502
Source file: gov.ar.code.title.19.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 4c9d2b64caa58ca3c257368f5cbfc25d9343c05854271316ee514ad242c5b544
Source location: content.xml paragraph 1055
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19-3-502. Definitions.
As used in this subchapter:
(1) “Bank” means:
(A) A state bank, a national bank, or an out-of-state state-chartered bank that has received a certificate of authority under § 23-48-1001; and
(B) A foreign bank organized under the laws of a territory of the United States, Puerto Rico, Guam, American Samoa, or the United States Virgin Islands if the deposits of the foreign bank are insured by the Federal Deposit Insurance Corporation;
(2) “Bank depository” means a bank or savings and loan association that accepts a deposit of funds from the State Treasury;
(3) “Capital base” means the sum of a bank's capital stock, surplus, and undivided profits, plus any additions and less any subtractions which the Bank Commissioner may by rule prescribe;
(4) “Cash Account” means the asset account in the State Treasury consisting of all cash:
(A) In the hands of the Treasurer of State; and
(B) On deposit in the name of the Treasurer of State in a bank depository;
(5) “Certificate of Deposit Account” means the asset account in the State Treasury consisting of all, but only, certificates of deposit acquired by the Treasurer of State through the State Treasury Certificate of Deposit Investment Program;
(6) “Fund account” means a specifically named liability account in the State Treasury to which moneys are credited upon receipt and charged upon withdrawal that:
(A) Is created or authorized by law; and
(B) Reflects the amount of money owed to an agency or instrumentality of the State of Arkansas;
(7) “Gross treasury fund balances” means the aggregate total amount of the balances standing to the credit of all funds on the records of the Treasurer of State;
(8) “Investment depository” means a person or entity that accepts money or securities from the State Treasury for investment purposes;
(9) “National bank” means a national banking association organized to carry on the business of banking under Title 12, Chapter 2, of the United States Code;
(10) “Safekeeping Account” means the account in the State Treasury administered by the Treasurer of State for the benefit of other government entities consisting of all securities received by the Treasurer of State from the administrators of the several state retirement systems and other trust accounts;
(11) “Savings and loan association” means a corporation carrying on the business of a savings and loan association or a building and loan association under a charter issued by this state or any federal savings association or federal savings bank that is chartered under federal law;
(12) “Securities Account” means the asset account in the State Treasury consisting of all securities held by the Treasurer of State through its investment of gross state fund balances;
(13)(A) “Securities broker” means a person or entity that:
(i) Buys or sells an investment for the State Treasury; or
(ii) Receives any form of compensation or remuneration in connection with the purchase or sale of an investment of State Treasury funds.
(B) “Securities broker” includes a stock broker, a securities broker, an investment adviser, and any other person or entity that facilitates or helps to facilitate a transaction concerning an investment of State Treasury funds;
(14) “State bank” means a state bank as defined in § 23-45-102;
(15) “State Treasury” means all moneys, securities, and gross treasury fund balances administered by the Treasurer of State;
(16) “Trust Deposit Account” means the asset account in the State Treasury consisting of all, but only, certificates of deposit administered by the Treasurer of State for the benefit of the several retirement systems and other trust fund accounts;
(17) “Trust fund account” means a specifically named liability account designated by law as a trust fund in the State Treasury to which moneys are credited upon receipt and debited upon withdrawal, representing the balance owed by the State Treasury to agencies and instrumentalities of the State of Arkansas; and
(18) “Trust Investment Account” means the asset account in the State Treasury consisting of all, but only, securities administered by the Treasurer of State for the benefit of the several retirement systems and other trust fund accounts.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-45-102. Definitions.
(a) Subject to other definitions contained in subsequent sections of the Arkansas Banking Code of 1997, and unless the context otherwise requires, in the Arkansas Banking Code of 1997:
(1) “Affiliate” means, with respect to a specified person, a person that controls, is controlled by, or is under common control with another person;
(2) “Arkansas bank” means a bank whose home state is Arkansas;
(3) “Arkansas bank holding company” means a bank holding company that controls one (1) or more state banks. As used in this subdivision (a)(3), “control” has the meaning set forth in 12 U.S.C. § 1841(a)(2);
(4) “Arkansas Banking Code of 1997” means the Arkansas Banking Code of 1997, chapters 45-50 of this title;
(5)(A) “Bank” means a state bank or a national bank or an out-of-state state-chartered bank that has received a certificate of authority under § 23-48-1001.
(B) “Bank” shall also include any foreign bank organized under the laws of a territory of the United States, the Commonwealth of Puerto Rico, Guam, American Samoa, or the United States Virgin Islands, the deposits of which are insured by the Federal Deposit Insurance Corporation;
(6)(A) “Bank holding company” means any company, foreign or domestic, including a bank:
(i) That directly or indirectly owns, controls, or holds with power to vote twenty-five percent (25%) or more of the voting shares of any bank;
(ii) That controls in any manner the election of a majority of the directors of any bank; or
(iii) For the benefit of whose shareholders or members twenty-five percent (25%) or more of the voting shares of any bank or a bank holding company is held by trustees.
(B) Notwithstanding the foregoing:
(i) No company shall be a bank holding company by virtue of its ownershi
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-45-102
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 23-45-102. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-48-1001. Application for certificate of authority.
(a) An out-of-state bank that desires to operate a branch location in the State of Arkansas, whether initial entry into the state is by an interstate merger transaction or establishment of a full-service branch, shall apply for a certificate of authority to transact banking business in this state. An applicant shall deliver an application to the Bank Commissioner for filing by the consummation of an interstate merger transaction or before establishment of a full-service branch. The application shall state:
(1) The name of the bank;
(2) The name of the state or country under whose law it is chartered;
(3) Its date of formation and period of duration;
(4) The street address of its principal office;
(5) The address of its registered office in this state and the name of its registered agent at that office; and
(6) The number and par value, if any, of shares of the bank's capital stock owned or to be owned by residents of this state.
(b) The bank shall deliver with the completed application a certificate of existence, or a document of similar import, duly authenticated by the bank supervisory agency which chartered the bank or other official having custody of the corporate records of banking institutions in the state or country under whose law it is chartered.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-48-1001
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 23-48-1001. This identifies an authority to review, not proof of applicability.