Title 23 — Public Utilities and Regulated Industries
95 chapters · 4,024 sections in this title.
Ark. Code Ann. § 23-45-101 Short title
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Chapters 45-50 of this title may be referred to as the “Arkansas Banking Code of 1997”.
Ark. Code Ann. § 23-45-102 Definitions
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(a) Subject to other definitions contained in subsequent sections of the Arkansas Banking Code of 1997, and unless the context otherwise requires, in the Arkansas Banking Code of 1997:(1) “Affiliate” means, with respect to a specified person, a person that controls, is controlled…
Ark. Code Ann. § 23-45-103 Effect on existing financial institutions
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(a) The charters of state banks existing at the time of the adoption of the Arkansas Banking Code of 1997 shall continue in full force and effect, and all financial institutions and, to the extent applicable, all national banks and national trust companies, shall hereafter be ope…
Ark. Code Ann. § 23-45-104 Unauthorized activity as a financial institution — Incorporation of industrial loan institutions prohibited — Individuals and partnerships not to transact general commercial banking business
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(a) From and after May 31, 1997:(1) It shall be unlawful for any person, by whatever name called, to do business as a bank within this state or to maintain any office in this state for the purpose of doing such business, except state banks, registered out-of-state banks, and nati…
Ark. Code Ann. § 23-45-105 Headings
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The headings and captions contained in this chapter are for convenience only, do not constitute any part of the statutes composing this code, and shall not be used in construing or interpreting the Arkansas Banking Code of 1997.
Ark. Code Ann. § 23-45-106 Rules of construction
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(a) (1) Unless otherwise specifically indicated, and to the fullest extent permitted by the Arkansas Constitution, any reference in the Arkansas Banking Code of 1997 to an existing state or federal statute or regulation shall mean to the statute or regulation as it has been or ma…