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23-48-908. Enforcement.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-48-908. Enforcement.
If the Bank Commissioner determines that a branch maintained by an out-of-state state-chartered bank in Arkansas is being operated in violation of any provision of the laws of Arkansas, or that the branch is being operated in an unsafe or unsound manner, the commissioner shall have the authority to take all such enforcement actions as he or she would be empowered to take if the branch were a state bank, provided, that the commissioner shall promptly give notice to the home-state regulator of each enforcement action taken against an out-of-state state-chartered bank and, to the extent practicable, shall consult and cooperate with the home-state regulator in pursuing and resolving the enforcement action.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-48-908
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:23-48-908
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: ee7f0f2e5c8f61d1726808f3b38edc259c05424027380acb1c0d1d017075faff
Source location: content.xml paragraph 24515
Stored source content
23-48-908. Enforcement.
If the Bank Commissioner determines that a branch maintained by an out-of-state state-chartered bank in Arkansas is being operated in violation of any provision of the laws of Arkansas, or that the branch is being operated in an unsafe or unsound manner, the commissioner shall have the authority to take all such enforcement actions as he or she would be empowered to take if the branch were a state bank, provided, that the commissioner shall promptly give notice to the home-state regulator of each enforcement action taken against an out-of-state state-chartered bank and, to the extent practicable, shall consult and cooperate with the home-state regulator in pursuing and resolving the enforcement action.
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