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Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-48-804. Out-of-state banks

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

(a) Any out-of-state bank may establish, maintain, and operate a customer-bank communication terminal anywhere in this state.

(b)(1) Out-of-state state-chartered banks other than registered out-of-state banks shall file the notice set forth in § 23-48-803 with the Bank Commissioner.

(2) Registered out-of-state banks shall satisfy all filing requirements under the regulations of their home state regulator concerning the establishment, maintenance, and operations of out-of-state customer-bank communication terminals.

(c) Nothing in this section shall limit, restrict, or prohibit any Federal Reserve Bank or branch thereof from operating any electronic funds transfer system in this state.

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Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-48-804. Out-of-state banks - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-48-804/

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