Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-48-501. Definitions

(1) “Converting bank” means a state bank converting to a national bank, a national bank converting to a state bank, or a savings and loan association converting to a state bank;

(2) “Dissenters' rights” means the rights of dissenting stockholders specified in § 23-48-506;

(3) “Interstate merger transaction” means:

(4) “Merger” includes consolidation in all sections of this subchapter except § 23-48-509;

(5) “Purchase or assumption” means the purchase by a state bank of over fifty percent (50%) of the assets of another depository institution, or the assumption by a state bank of over fifty percent (50%) of the liabilities of another depository institution;

(6) “Resulting bank” means:

(7) “Wholly owned Arkansas bank holding company” means a “bank holding company”, as that term is defined in § 23-45-102, incorporated under the laws of the State of Arkansas, all of the outstanding shares of each class of the capital stock of which are owned by a single individual or entity.