Browse Arkansas Code titles and sections
23-47-607. Investment in stock of certain banks authorized to do foreign banking.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-47-607. Investment in stock of certain banks authorized to do foreign banking.
(a) Any state bank may purchase up to one hundred percent (100%) of the capital stock of any corporation organized and existing under the Edge Act, and any amendments thereto.
(b) However, in no event may any state bank acquire shares of any such corporation if, upon the making of that acquisition, the aggregate amount of shares of all corporations organized and existing under the Edge Act then held by the bank would exceed ten percent (10%) of the bank's capital base.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-47-607
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:23-47-607
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 58c852223cc9b8da35802309d643ead6253dd0ee66cbd17ef4f469e7c67dc07e
Source location: content.xml paragraph 22989
Stored source content
23-47-607. Investment in stock of certain banks authorized to do foreign banking.
(a) Any state bank may purchase up to one hundred percent (100%) of the capital stock of any corporation organized and existing under the Edge Act, and any amendments thereto.
(b) However, in no event may any state bank acquire shares of any such corporation if, upon the making of that acquisition, the aggregate amount of shares of all corporations organized and existing under the Edge Act then held by the bank would exceed ten percent (10%) of the bank's capital base.
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