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23-37-301. Application for charter.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-37-301. Application for charter.
(a) Application for a charter for a savings and loan association may be made by ten (10) or more citizens of this state, hereinafter referred to as “incorporators”, by tendering to the supervisor, along with the prescribed filing fee, an application consisting of the following:
(1) Two (2) copies of the articles of incorporation for the proposed association stating:
(A) The name and the site of the principal office of the association;
(B) The names and addresses of the incorporators;
(C) The name and address of the resident agent for service of process on the association;
(D) The term of the corporate existence, which may be either perpetual or limited to a fixed number of years;
(E) Whether the association will carry on its business as a mutual association or as a permanent stock association; and
(F) For a permanent stock association, the number of shares of permanent stock authorized and the par value of each share;
(2) A statement as to:
(A) The amount, if any, of permanent stock which has been subscribed and paid for at the time of filing;
(B) The names and addresses of the subscribers and the amount subscribed by each;
(C) The names, addresses, and amounts of savings accounts which have been subscribed; and
(D) The amount of paid-in surplus or expense fund with which the association will commence business;
(3) Two (2) copies of the bylaws under which the association proposes to operate;
(4) The names and addresses of the chair of the incorporators, the proposed members of the board of directors, and the proposed officers; and
(5) Any other information in regard to the proposed association and its operation which may be required by the Supervisor of Savings and Loan Associations.
(b) The articles
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-37-301
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:23-37-301
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: e0c515dbf1b72b9a39f4637fa6a8dc1a8d85cb0f6bdf2c7877a933060c100882
Source location: content.xml paragraph 17451
Stored source content
23-37-301. Application for charter.
(a) Application for a charter for a savings and loan association may be made by ten (10) or more citizens of this state, hereinafter referred to as “incorporators”, by tendering to the supervisor, along with the prescribed filing fee, an application consisting of the following:
(1) Two (2) copies of the articles of incorporation for the proposed association stating:
(A) The name and the site of the principal office of the association;
(B) The names and addresses of the incorporators;
(C) The name and address of the resident agent for service of process on the association;
(D) The term of the corporate existence, which may be either perpetual or limited to a fixed number of years;
(E) Whether the association will carry on its business as a mutual association or as a permanent stock association; and
(F) For a permanent stock association, the number of shares of permanent stock authorized and the par value of each share;
(2) A statement as to:
(A) The amount, if any, of permanent stock which has been subscribed and paid for at the time of filing;
(B) The names and addresses of the subscribers and the amount subscribed by each;
(C) The names, addresses, and amounts of savings accounts which have been subscribed; and
(D) The amount of paid-in surplus or expense fund with which the association will commence business;
(3) Two (2) copies of the bylaws under which the association proposes to operate;
(4) The names and addresses of the chair of the incorporators, the proposed members of the board of directors, and the proposed officers; and
(5) Any other information in regard to the proposed association and its operation which may be required by the Supervisor of Savings and Loan Associations.
(b) The articles of incorporation and all statements of fact tendered to the supervisor in connection with an application for charter shall be subscribed and sworn to under the sanction of an oath, or such affirmation as is by law equivalent to an oath, made before an officer authorized to administer oaths.
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