Browse Arkansas Code titles and sections
23-36-103. Directors.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-36-103. Directors.
(a) At least three-fourths (¾) of the number of directors of any industrial loan institution shall be residents of the county in which the city is located in which an industrial loan institution is organized or becomes active under this chapter.
(b) Every director shall own and hold unencumbered not less than five hundred dollars ($500) par value of the capital stock of the industrial loan institution.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-36-103
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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Record provenance
Stable record: arkansas_code:legal_authorities:23-36-103
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: e0bebe33b950391614cf87e311441ea61a860cda61fd8801c0474c2de19c1683
Source location: content.xml paragraph 16942
Stored source content
23-36-103. Directors.
(a) At least three-fourths (¾) of the number of directors of any industrial loan institution shall be residents of the county in which the city is located in which an industrial loan institution is organized or becomes active under this chapter.
(b) Every director shall own and hold unencumbered not less than five hundred dollars ($500) par value of the capital stock of the industrial loan institution.
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