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23-46-602. Definitions.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-46-602. Definitions.
As used in this subchapter:
(1) “Bank supervisory agency” means the same as defined in § 23-45-102;
(2)(A) “Covered service” means a service provided by a technology service provider to a depository institution in this state to the extent that the service is designed and marketed specifically for use by depository institutions to provide financial services to their customers.
(B) “Covered service” includes:
(i) Data processing services;
(ii) Activities that support financial services, including without limitation lending, funds transfer, fiduciary activities, trading activities, and deposit-taking;
(iii) Internet-related services, including without limitation web services, electronic bill payments, mobile applications, system and software development and maintenance, and security monitoring; and
(iv) Activities related to the business of banking;
(3) “Depository institution” means an entity or financial institution as defined in § 23-45-102(a)(19) or § 23-45-102(a)(21), including any subsidiary or affiliate of the depository institution that is subject to examination by the Bank Commissioner;
(4) “Internet service provider” means any provider that provides a subscriber with access to the internet; and
(5)(A) “Technology service provider” means a person, company, corporation, or other legal entity that provides a covered service.
(B) “Technology service provider” does not mean:
(i) An internet service provider or a general audience internet platform;
(ii) A person, company, corporation, or other legal entity licensed under the Uniform Money Services Act, § 23-55-101 et seq.; or
(iii) An authorized delegate of a licensee under the Uniform Money Services Act, § 23-55-101 et seq.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-46-602
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:23-46-602
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 9c88cfa353c2adfe6d55178d9a7270cf28454691c7975bbd4d6f0a59667fbc3b
Source location: content.xml paragraph 22370
Stored source content
23-46-602. Definitions.
As used in this subchapter:
(1) “Bank supervisory agency” means the same as defined in § 23-45-102;
(2)(A) “Covered service” means a service provided by a technology service provider to a depository institution in this state to the extent that the service is designed and marketed specifically for use by depository institutions to provide financial services to their customers.
(B) “Covered service” includes:
(i) Data processing services;
(ii) Activities that support financial services, including without limitation lending, funds transfer, fiduciary activities, trading activities, and deposit-taking;
(iii) Internet-related services, including without limitation web services, electronic bill payments, mobile applications, system and software development and maintenance, and security monitoring; and
(iv) Activities related to the business of banking;
(3) “Depository institution” means an entity or financial institution as defined in § 23-45-102(a)(19) or § 23-45-102(a)(21), including any subsidiary or affiliate of the depository institution that is subject to examination by the Bank Commissioner;
(4) “Internet service provider” means any provider that provides a subscriber with access to the internet; and
(5)(A) “Technology service provider” means a person, company, corporation, or other legal entity that provides a covered service.
(B) “Technology service provider” does not mean:
(i) An internet service provider or a general audience internet platform;
(ii) A person, company, corporation, or other legal entity licensed under the Uniform Money Services Act, § 23-55-101 et seq.; or
(iii) An authorized delegate of a licensee under the Uniform Money Services Act, § 23-55-101 et seq.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-45-102. Definitions.
(a) Subject to other definitions contained in subsequent sections of the Arkansas Banking Code of 1997, and unless the context otherwise requires, in the Arkansas Banking Code of 1997:
(1) “Affiliate” means, with respect to a specified person, a person that controls, is controlled by, or is under common control with another person;
(2) “Arkansas bank” means a bank whose home state is Arkansas;
(3) “Arkansas bank holding company” means a bank holding company that controls one (1) or more state banks. As used in this subdivision (a)(3), “control” has the meaning set forth in 12 U.S.C. § 1841(a)(2);
(4) “Arkansas Banking Code of 1997” means the Arkansas Banking Code of 1997, chapters 45-50 of this title;
(5)(A) “Bank” means a state bank or a national bank or an out-of-state state-chartered bank that has received a certificate of authority under § 23-48-1001.
(B) “Bank” shall also include any foreign bank organized under the laws of a territory of the United States, the Commonwealth of Puerto Rico, Guam, American Samoa, or the United States Virgin Islands, the deposits of which are insured by the Federal Deposit Insurance Corporation;
(6)(A) “Bank holding company” means any company, foreign or domestic, including a bank:
(i) That directly or indirectly owns, controls, or holds with power to vote twenty-five percent (25%) or more of the voting shares of any bank;
(ii) That controls in any manner the election of a majority of the directors of any bank; or
(iii) For the benefit of whose shareholders or members twenty-five percent (25%) or more of the voting shares of any bank or a bank holding company is held by trustees.
(B) Notwithstanding the foregoing:
(i) No company shall be a bank holding company by virtue of its ownershi
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-45-102
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 23-45-102. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-55-101. Short title.
This chapter may be cited as the Uniform Money Services Act.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-55-101
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 23-55-101. This identifies an authority to review, not proof of applicability.