Arkansas Code Title 23, Subtitle 2, Chapter 47, Subchapter 6 - Subsidiaries

• § 23-47-601 - Operating Subsidiaries.
  (a) (1) With the prior approval of the Bank Commissioner, and subject to such conditions as may be prescribed by him or her, a...
• § 23-47-602 - Real Estate Subsidiaries.
  (a) A state bank acting through an operating subsidiary or a bank holding company acting, directly or through a subsidiary, may, with the prior...
• § 23-47-603 - Bank Service Companies.
  (a) As used in this section, unless the context otherwise requires: (1) "Bank service company" means a corporation or limited liability company organized for...
• § 23-47-604 - Capital Development Companies.
  (a) (1) State banks shall have the power to acquire and own on their own behalf stock or equity interests issued by a capital...
• § 23-47-605 - Community Development Corporations.
  (a) As used in this section, the term "public welfare" means developing housing, fostering economic growth and revitalization, creating small businesses, including minority-owned businesses,...
• § 23-47-606 - Small Business Investment Companies.
  (a) A state bank may purchase up to one hundred percent (100%) of the capital stock of small business investment companies and minority enterprise...
• § 23-47-607 - Investment in Stock of Certain Banks Authorized to Do Foreign Banking.
  (a) Any state bank may purchase up to one hundred percent (100%) of the capital stock of any corporation organized and existing under the...
• § 23-47-608 - Authority to Act Through Subsidiaries.
  With prior notice to the Bank Commissioner and in accordance with the state and federal law, state banks are authorized to engage in activities...

Last modified: November 15, 2016