Browse Arkansas Code titles and sections
23-51-191. Removal of directors, officers, and employees.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-51-191. Removal of directors, officers, and employees.
Consistent with § 23-51-189, the Bank Commissioner shall have the right, and is hereby empowered, to require the immediate removal from office of any officer, director, or employee of any authorized trust institution who shall be found to be dishonest, incompetent, or reckless in the management of the affairs of the authorized trust institution or who persistently violates the laws of this state or the lawful orders, instructions, and rules issued by the commissioner.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-51-191
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:23-51-191
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: f3f681568be6b677ba7ad315c44571ee8a3ee31ee433962459f54a83b9ee685e
Source location: content.xml paragraph 26240
Stored source content
23-51-191. Removal of directors, officers, and employees.
Consistent with § 23-51-189, the Bank Commissioner shall have the right, and is hereby empowered, to require the immediate removal from office of any officer, director, or employee of any authorized trust institution who shall be found to be dishonest, incompetent, or reckless in the management of the affairs of the authorized trust institution or who persistently violates the laws of this state or the lawful orders, instructions, and rules issued by the commissioner.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-51-189. Notice and opportunity for hearing.
Consistent with the Arkansas Administrative Procedure Act, § 25-15-201 et seq., notice and opportunity for hearing shall be provided before any of the foregoing actions shall be undertaken by the Bank Commissioner. Provided, however, in cases involving extraordinary circumstances requiring immediate action, the commissioner may take such an action, but shall promptly afford a subsequent hearing upon application to rescind the action taken.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-51-189
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 23-51-189. This identifies an authority to review, not proof of applicability.