Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-48-401. Definitions

(A) Any bank, twenty-five percent (25%) or more of whose shares, excluding shares owned by the United States or by any company wholly owned by the United States, are owned or controlled by the bank holding company;

(B) Any bank, the election of a majority of whose directors is controlled in any manner by the bank holding company;

(C) Any bank, twenty-five percent (25%) or more of whose voting shares are held by a trustee for the benefit of the shareholders or members of the bank holding company;

(D) Any bank, with respect to the management or policies of which, the Board of Governors of the Federal Reserve has determined that the bank holding company has the power, directly or indirectly, to exercise a controlling influence; or

(E) Any bank which has been found by the Board of Governors of the Federal Reserve to be controlled by a bank holding company; and