23-46-305. Applications.

Arkansas Code — all titles (historical 2020) · legal_authorities

23-46-305. Applications. (a) All applications which the State Banking Board is empowered to consider for approval or disapproval shall, as soon as practicable, be submitted by the Bank Commissioner to the board for consideration at a regular meeting of the board or at a special meeting called for the purpose thereof. (b) Applications of the types described in § 23-46-304(a)(1)-(4) must demonstrate that the applicant has the minimum amount of capital that the commissioner may require.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-46-305

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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Arkansas Code — all titles (historical 2020) · legal_authorities

23-46-304. Powers of State Banking Board — Filings with Bank Commissioner.

23-46-304. Powers of State Banking Board — Filings with Bank Commissioner. (a) In addition to all other powers conferred by Arkansas law, the State Banking Board shall have the power and duty to: (1) Approve or disapprove all applications for charters for new state banks, except applications for new state bank charters in connection with failed institutions as provided in § 23-48-511; (2) Approve or disapprove all applications for the merger or consolidation of one (1) or more banks, out-of-state banks, or savings and loan associations into a state bank; (3) Approve or disapprove all applications for the purchase by one (1) state bank of over fifty percent (50%) of the assets of another depository institution, and all applications for the assumption by one (1) state bank of over fifty percent (50%) of the liabilities of another depository institution; (4) Approve or disapprove all applications by a savings and loan association to convert to a state bank; (5) Approve or disapprove all applications for amendments to the articles of incorporation of an existing state bank; (6) Approve or disapprove all applications for the relocation of a state bank's main office from one (1) municipality to another; (7) Approve or disapprove all rules promulgated by the Bank Commissioner; (8) Authorize a state bank under circumstances in which it is not given authority under state law to participate in any public agency hereinafter created under the laws of this state or of the United States, the purpose of which is to afford advantages or safeguards to banks or trust companies, and to authorize compliance with all requirements and conditions imposed upon the participants; (9) Subpoena witnesses; and (10) Require such clerical and technical assistance as is necessary

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-46-304

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 23-46-304. This identifies an authority to review, not proof of applicability.