Browse Arkansas Code titles and sections
23-48-302. Organizational expenses.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-48-302. Organizational expenses.
(a) Organizational expenses shall not be paid from capital or surplus funds of the state bank without the prior written consent of the Bank Commissioner.
(b)(1) Prior to applying for a charter, the incorporators shall establish an organizational expense fund in an amount the commissioner deems adequate.
(2) The fund shall be used for expenses incurred by the incorporators in connection with the organization of the proposed state bank.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-48-302
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:23-48-302
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: b6831d89f00d4dab0b323ae0a2e4c3f1e9712f495207e66dfe154cf9e1ed963f
Source location: content.xml paragraph 23414
Stored source content
23-48-302. Organizational expenses.
(a) Organizational expenses shall not be paid from capital or surplus funds of the state bank without the prior written consent of the Bank Commissioner.
(b)(1) Prior to applying for a charter, the incorporators shall establish an organizational expense fund in an amount the commissioner deems adequate.
(2) The fund shall be used for expenses incurred by the incorporators in connection with the organization of the proposed state bank.
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