Browse Arkansas Code titles and sections
23-48-903. Interstate merger transactions and branching permitted.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-48-903. Interstate merger transactions and branching permitted.
One (1) or more Arkansas banks, provided no such Arkansas bank has a de novo charter, may enter into an interstate merger transaction with one (1) or more out-of-state banks under this subchapter in which the out-of-state bank is the resulting bank, and the out-of-state bank may thereafter maintain and operate the branches in Arkansas of any Arkansas bank that was a party to the interstate merger transaction, provided that the conditions and filing requirements of § 23-48-1001 et seq. are met.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-48-903
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:23-48-903
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 7760de70308a8eb86c00d3d414da5e8c08dae5f84487e52a5ff8877ed4c8f66e
Source location: content.xml paragraph 24472
Stored source content
23-48-903. Interstate merger transactions and branching permitted.
One (1) or more Arkansas banks, provided no such Arkansas bank has a de novo charter, may enter into an interstate merger transaction with one (1) or more out-of-state banks under this subchapter in which the out-of-state bank is the resulting bank, and the out-of-state bank may thereafter maintain and operate the branches in Arkansas of any Arkansas bank that was a party to the interstate merger transaction, provided that the conditions and filing requirements of § 23-48-1001 et seq. are met.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-48-1001. Application for certificate of authority.
(a) An out-of-state bank that desires to operate a branch location in the State of Arkansas, whether initial entry into the state is by an interstate merger transaction or establishment of a full-service branch, shall apply for a certificate of authority to transact banking business in this state. An applicant shall deliver an application to the Bank Commissioner for filing by the consummation of an interstate merger transaction or before establishment of a full-service branch. The application shall state:
(1) The name of the bank;
(2) The name of the state or country under whose law it is chartered;
(3) Its date of formation and period of duration;
(4) The street address of its principal office;
(5) The address of its registered office in this state and the name of its registered agent at that office; and
(6) The number and par value, if any, of shares of the bank's capital stock owned or to be owned by residents of this state.
(b) The bank shall deliver with the completed application a certificate of existence, or a document of similar import, duly authenticated by the bank supervisory agency which chartered the bank or other official having custody of the corporate records of banking institutions in the state or country under whose law it is chartered.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-48-1001
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 23-48-1001. This identifies an authority to review, not proof of applicability.