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23-42-202. Delegation of authority by Securities Commissioner.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-42-202. Delegation of authority by Securities Commissioner.
(a) The Securities Commissioner may delegate to any person under any conditions which he or she deems appropriate any responsibilities of the commissioner as set forth in this chapter, the Credit Union Act, § 23-35-101 et seq., the Savings and Loan Act, § 23-37-101 et seq., or any other act for which the commissioner is responsible.
(b) The commissioner, subject to any restrictions which he or she in his or her discretion deems appropriate, may delegate to any person the exercise or discharge in the commissioner's name of any power, duty, or function, whether ministerial, discretionary, or of whatever character, vested by this chapter in the commissioner.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-42-202
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:23-42-202
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 787a97c6875589d117a4ba6c6107f2b615d495e3ad893dc5bee47796ea53c43c
Source location: content.xml paragraph 20355
Stored source content
23-42-202. Delegation of authority by Securities Commissioner.
(a) The Securities Commissioner may delegate to any person under any conditions which he or she deems appropriate any responsibilities of the commissioner as set forth in this chapter, the Credit Union Act, § 23-35-101 et seq., the Savings and Loan Act, § 23-37-101 et seq., or any other act for which the commissioner is responsible.
(b) The commissioner, subject to any restrictions which he or she in his or her discretion deems appropriate, may delegate to any person the exercise or discharge in the commissioner's name of any power, duty, or function, whether ministerial, discretionary, or of whatever character, vested by this chapter in the commissioner.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-35-101. Definition and purpose of credit union or central credit union.
A credit union or central credit union is a cooperative nonprofit association, incorporated in accordance with the provisions of this chapter for the twofold purpose of encouraging thrift among its members and creating a source of credit at fair and reasonable rates of interest. A credit union or central credit union provides an opportunity for its members to use and control their own money in order to improve their economic and social condition.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-35-101
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 23-35-101. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-37-101. Definitions.
(a) As used in this chapter, unless the context otherwise requires:
(1) “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 the State of Arkansas;
(2) “Board” means the Savings and Loan Association Board [abolished] duly appointed and acting pursuant to the terms of this chapter;
(3) “Broker” means a person, firm, or corporation who acts for or on behalf of any foreign savings and loan association or its agents, in soliciting or receiving applications for or funds for a savings account in any foreign savings and loan association;
(4) “Federal association” means a savings and loan association incorporated pursuant to the Home Owners’ Loan Act of 1933, whose principal business office is located within the territorial limits of this state;
(5) “Foreign association” means an association chartered under the laws of another state or a federal association organized in another state, but does not mean a federal association organized in this state;
(6) “Mutual association” means an association that does not have issued an outstanding permanent capital stock and whose affairs are managed by a board of directors elected by the members;
(7) “Savings account” means that part of the savings liability of an association which is credited to a member by reason of the investment of funds in the association other than permanent capital stock;
(8) “Stock association” means an association that has issued an outstanding permanent capital stock and whose affairs are managed by a board of directors elected by the holders of the permanent capital stock; and
(9) “Supervisor” means the Supervisor of Savings and Loan Associations acting and appointed pur
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-37-101
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 23-37-101. This identifies an authority to review, not proof of applicability.