Arkansas Code § 23-48-903 - Interstate Merger Transactions and Branching Permitted

One (1) or more Arkansas banks, provided no such Arkansas bank has a de novo charter, may enter into an interstate merger transaction with one (1) or more out-of-state banks under this subchapter in which the out-of-state bank is the resulting bank, and the out-of-state bank may thereafter maintain and operate the branches in Arkansas of any Arkansas bank that was a party to the interstate merger transaction, provided that the conditions and filing requirements of ยง 23-48-1001 et seq. are met.

Section: 23-48-903  23-48-905  23-48-906  23-48-907  23-48-908  23-48-909  23-48-910  23-48-911    Next

Last modified: November 15, 2016