Arkansas Code Title 23, Subtitle 2, Chapter 37, Subchapter 3 - Organization

• § 23-37-301 - Application for Charter.
  (a) Application for a charter for a savings and loan association may be made by ten (10) or more citizens of this state, hereinafter...
• § 23-37-302 - Capitalization Requirements Generally.
  The capitalization of a proposed stock or mutual association shall be in accordance with rules and regulations established by the Savings and Loan Association...
• § 23-37-303 - Permanent Capital Stock.
  (a) The charter of an association may provide for the issuance of permanent capital stock. The permanent capital stock, when issued, may not be...
• § 23-37-304 - Permanent Stock Associations -- Paid-In Surplus Requirements.
  As a prerequisite to the approval of any application for a permanent stock association, the incorporators must show to the satisfaction of the Supervisor...
• § 23-37-305 - Permanent Stock Associations -- Initial Subscriptions to Savings Accounts.
  As a prerequisite to approval of any application for a proposed permanent stock association, the incorporators must show, to the satisfaction of the Savings...
• § 23-37-306 - Mutual Associations -- Expense Fund Requirement.
  (a) In addition to the savings account subscriptions required by this chapter, the incorporators of a mutual association must show to the satisfaction of...
• § 23-37-307 - Bylaws.
  In addition to any provisions which may be adopted by the incorporators and approved by the Supervisor of Savings and Loan Associations, the bylaws...
• § 23-37-308 - Insurance of Accounts.
  No association chartered under this chapter shall carry on the business of a savings and loan association in this state until it has filed...
• § 23-37-309 - Hearings on Charter Applications.
  When a proper application for a charter has been filed, the Supervisor of Savings and Loan Associations shall hold a public hearing on the...
• § 23-37-310 - Approval or Denial of Application for Charter.
  (a) The Savings and Loan Association Board [abolished] shall not approve any charter application unless the incorporators establish and the board shall have affirmatively...
• § 23-37-311 - Failure to Commence Business -- Cancellation of Charter.
  (a) Within one (1) year after the date of the action of the Savings and Loan Association Board [abolished] granting the charter, the association...
• § 23-37-312 - Amendment of Charter and Bylaws.
  By resolution adopted by a majority vote of its members if a mutual association, or by its stockholders if a permanent stock association, at...
• § 23-37-313 - Changes in Name, Location, Etc.
  (a) No association shall, without the prior approval of the Savings and Loan Association Board [abolished] or Supervisor of Savings and Loan Associations: (1)...
• § 23-37-314 - Indemnity Bonds of Directors, Officers, and Employees.
  (a) Every association shall maintain on file with the Supervisor of Savings and Loan Associations an effective blanket indemnity bond with a corporate surety...
• § 23-37-315 - Corporate Name.
  (a) (1) The name of every new association organized under this chapter shall include either the words "savings and loan association" or "building and...
• § 23-37-316 - Standards of Conduct.
  (a) A director of a state-chartered savings and loan association or federal savings bank shall discharge his or her duties as a director, including...

Last modified: November 15, 2016