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Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-37-804. Board approval--Certain transactions

Current as of March 28, 2024 | Updated by Findlaw Staff

With the prior approval of the Savings and Loan Association Board in accordance with § 23-37-807(a) and upon receipt of approval from all other applicable state and federal regulatory authorities having approval authority over the transaction:

(1) A company may become an Arkansas savings and loan holding company;

(2) An Arkansas savings and loan holding company may acquire:

(A) An Arkansas association or other Arkansas savings and loan holding company;

(B) A southern region association or a southern region savings and loan holding company; and

(C) An association or savings and loan holding company having association offices which are located outside of the southern region as authorized under § 23-37-811(a);

(3) A southern region savings and loan holding company may acquire a southern region savings and loan holding company having an Arkansas association subsidiary;

(4) An Arkansas state association may acquire a southern region association; and

(5) A southern region association may acquire an Arkansas state association.

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Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-37-804. Board approval--Certain transactions - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-37-804/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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