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23-48-1011. Appeal from revocation.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-48-1011. Appeal from revocation.
(a)(1) An out-of-state bank may appeal the Bank Commissioner's revocation of its certificate of authority to the Pulaski County Circuit Court within thirty (30) days after service of the certificate of revocation is perfected under § 23-48-1007.
(2) The out-of-state bank appeals by petitioning the court to set aside the revocation and attaching to the petition copies of its certificate of authority and the commissioner's certificate of revocation.
(b) The court may order the commissioner to reinstate the certificate of authority or may take any other action the court considers appropriate.
(c) The court's final decision may be appealed as in other civil proceedings.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-48-1011
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:23-48-1011
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 3f94572a689099278890d6a8d7e11c3df49dbd8f8c8c93f814e322b6790a2e8a
Source location: content.xml paragraph 24697
Stored source content
23-48-1011. Appeal from revocation.
(a)(1) An out-of-state bank may appeal the Bank Commissioner's revocation of its certificate of authority to the Pulaski County Circuit Court within thirty (30) days after service of the certificate of revocation is perfected under § 23-48-1007.
(2) The out-of-state bank appeals by petitioning the court to set aside the revocation and attaching to the petition copies of its certificate of authority and the commissioner's certificate of revocation.
(b) The court may order the commissioner to reinstate the certificate of authority or may take any other action the court considers appropriate.
(c) The court's final decision may be appealed as in other civil proceedings.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-48-1007. Service on out-of-state banks.
(a) The registered agent of a registered out-of-state bank is the bank's agent for service of process, notice, or demand required or permitted by law to be served on the out-of-state bank.
(b) A registered out-of-state bank may be served by registered or certified mail, return receipt requested, addressed to the secretary or cashier of the out-of-state bank at its principal office shown in its application for a certificate of authority or in its most recent annual franchise tax report if the out-of-state bank:
(1) Has no registered agent or its registered agent cannot with reasonable diligence be served;
(2) Has withdrawn from transacting business in this state under § 23-48-1008; or
(3) Has had its certificate of authority revoked under § 23-48-1010.
(c) Service is perfected under subsection (b) of this section at the earliest of:
(1) The date the out-of-state bank receives the mail;
(2) The date shown on the return receipt, if signed on behalf of the out-of-state bank; or
(3) Five (5) days after its deposit in the United States mail, as evidenced by the postmark, if mailed postpaid and correctly addressed.
(d) This section does not prescribe the only means, or necessarily the required means, of serving a registered out-of-state bank.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-48-1007
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 23-48-1007. This identifies an authority to review, not proof of applicability.