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23-37-305. Permanent stock associations — Initial subscriptions to savings accounts.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-37-305. Permanent stock associations — Initial subscriptions to savings accounts.
As a prerequisite to approval of any application for a proposed permanent stock association, the incorporators must show, to the satisfaction of the Savings and Loan Association Board [abolished], subscribed savings accounts from individuals in the aggregate number and amount which, in the opinion of the board, will justify the initial successful operation of the association.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-37-305
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:23-37-305
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: c833196cfe5edb4117d818e07422aa71413e1ad125126497c7a831dc990bca19
Source location: content.xml paragraph 17514
Stored source content
23-37-305. Permanent stock associations — Initial subscriptions to savings accounts.
As a prerequisite to approval of any application for a proposed permanent stock association, the incorporators must show, to the satisfaction of the Savings and Loan Association Board [abolished], subscribed savings accounts from individuals in the aggregate number and amount which, in the opinion of the board, will justify the initial successful operation of the association.
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