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23-51-152. Approval of commissioner.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-51-152. Approval of commissioner.
(a) If the Bank Commissioner approves the merger and finds that all required filing fees and investigative costs have been paid, the commissioner shall:
(1) Endorse the face of the original and each copy with the date of approval and the word “Approved”;
(2) File the original in the State Bank Department's records; and
(3) Deliver a certified copy of the articles of merger to each surviving, new, or acquiring entity.
(b) A merger is effective on the date of approval, unless the merger agreement provides and the commissioner consents to a different effective date.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-51-152
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:23-51-152
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 7d657c6811c0b030bea60253aeb5227e3d58166b813448dc1b822d10b0371fb6
Source location: content.xml paragraph 25902
Stored source content
23-51-152. Approval of commissioner.
(a) If the Bank Commissioner approves the merger and finds that all required filing fees and investigative costs have been paid, the commissioner shall:
(1) Endorse the face of the original and each copy with the date of approval and the word “Approved”;
(2) File the original in the State Bank Department's records; and
(3) Deliver a certified copy of the articles of merger to each surviving, new, or acquiring entity.
(b) A merger is effective on the date of approval, unless the merger agreement provides and the commissioner consents to a different effective date.
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