Title 23 — Public Utilities and Regulated Industries
95 chapters · 4,024 sections in this title.
Ark. Code Ann. § 23-50-101 Prosecution of violations — Nonliability of commissioner
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(a) The Bank Commissioner may initiate any appropriate civil or administrative action or remedy upon discovering a violation of the Arkansas Banking Code of 1997 or any other statute or rule the enforcement of which is within the scope of his or her duty. (b) Civil, administrativ…
Ark. Code Ann. § 23-50-102 Forfeiture of charter
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(a) (1) If the directors of any institution under the supervision of the State Bank Department shall knowingly violate or knowingly permit any of its officers, agents, or servants to violate any of the laws enacted for the rule of any such institutions or any department rules, al…
Ark. Code Ann. § 23-50-103 Misleading actions or use of words by unauthorized persons
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(a) (1) All persons except those described in subdivision (a)(2) of this section are prohibited from using in this state as a portion of or in connection with their place of business their name or title or in reference to themselves in their stationery or advertising the followin…
Ark. Code Ann. § 23-50-104 Circulation of false rumor injurious to bank
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(1) A person is guilty of a Class A misdemeanor whenever he or she:(1) Maliciously, and without cause, circulates or causes to be circulated, either verbally or in writing, any rumor with the intent to injuriously affect the financial standing or reputation of any bank doing busi…
Ark. Code Ann. § 23-50-105 Embezzlement, misuse of funds, etc., by officer, director, etc
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(a) The following persons shall be guilty of a felony:(1) Any officer, director, agent, or employee of any bank or subsidiary trust company who:(A) Embezzles or willfully misapplies any of the moneys, funds, or credits of the bank or subsidiary trust company;(B) Without authority…
Ark. Code Ann. § 23-50-106 False statements or records — Bribery of commissioner, examiner, or department employee
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(1) The following persons shall be guilty of a Class D felony:(1) Any person or persons who shall knowingly subscribe to or make or cause to be made any false statement or false entry in the books of any financial institution with the purpose to deceive the Bank Commissioner or e…
Ark. Code Ann. § 23-50-107 False statements or records by officer, agent, or employee
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Every officer, agent, or employee of any financial institution organized or doing business under the laws of the state who knowingly subscribes to or makes any false reports or any false statements or entries in the books of the financial institution or knowingly subscribes or ex…
Ark. Code Ann. § 23-50-108 False reports by commissioner or examiner — Acceptance of bribe
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Any commissioner or examiner who shall knowingly make a false or fraudulent report of the condition of any financial institution with the purpose to aid or abet its officers, owners, or agents in continuing to operate an insolvent institution or to injure the financial institutio…
Ark. Code Ann. § 23-50-109 Disclosure of information or false report by examiner
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Any examiner who shall disclose any information obtained by him or her in the course of his or her employment, except to the Bank Commissioner or the directors of the financial institution, or when subpoenaed as a witness in a legal proceeding, or who shall knowingly make, state,…
Ark. Code Ann. § 23-50-110 Certification of check when funds insufficient
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(a) It shall be unlawful for any officer, director, agent, or employee of any bank to certify any check drawn upon the bank unless the person drawing the check has on deposit with the bank, at the time the check is certified, an amount of money not less than the amount specified …