Browse Arkansas Code titles and sections
26-51-407. Financial institutions.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-51-407. Financial institutions.
(a) A financial institution having its principal office in this state shall be taxed as a business corporation organized and existing under the laws of this state.
(b)(1) A financial institution having its principal office outside this state but doing business in this state shall be taxed as a foreign business corporation doing business in this state.
(2) However, this subsection is not intended to recognize the right of a foreign financial institution to conduct any business activities in this state except to the extent and under the conditions permitted by Acts 1953, No. 559, §§ 1-8 [unconstitutional] and any other applicable laws of this state.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-51-407
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:26-51-407
Source file: gov.ar.code.title.26.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 6e16a20620e468c7f44eecdc0a0d17cd17945fc71604de9ec6161948a18786f4
Source location: content.xml paragraph 12383
Stored source content
26-51-407. Financial institutions.
(a) A financial institution having its principal office in this state shall be taxed as a business corporation organized and existing under the laws of this state.
(b)(1) A financial institution having its principal office outside this state but doing business in this state shall be taxed as a foreign business corporation doing business in this state.
(2) However, this subsection is not intended to recognize the right of a foreign financial institution to conduct any business activities in this state except to the extent and under the conditions permitted by Acts 1953, No. 559, §§ 1-8 [unconstitutional] and any other applicable laws of this state.
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