Arkansas Code Title 23, Subtitle 2, Chapter 48, Subchapter 5 - Mergers, Consolidations, Conversions, Emergency Acquisitions, Purchases, or Assumptions

• § 23-48-501 - Definitions.
  As used in this subchapter: (1) "Converting bank" means a state bank converting to a national bank, a national bank converting to a state...
• § 23-48-502 - Merger or Conversion of State Bank Into National Bank.
  (a) Subject to the provisions of this subchapter and provided that no Arkansas bank which is a party to the merger has a de...
• § 23-48-503 - Merger of Bank or Savings and Loan Association Into State Bank.
  (a) (1) (A) With the approval of the Bank Commissioner and the State Banking Board and after a public hearing as prescribed by the...
• § 23-48-504 - Conversion of National Bank or Savings and Loan Association Into State Bank.
  (a) A national bank or savings and loan association having its main office in this state which follows the procedure prescribed by applicable federal...
• § 23-48-505 - Merger of State Bank Into an Out-Of-state State-Chartered Bank.
  (a) Subject to the provisions of this subchapter and provided that no Arkansas bank which is a party to the merger has a de...
• § 23-48-506 - Dissenting Stockholders.
  (a) For purposes of this section, with respect to a state bank: (1) "Corporate action" means: (A) Consummation of a merger to which the...
• § 23-48-507 - Continuation of Corporate Entity -- Use of Old Name.
  (a) A resulting bank shall be the same business and corporate entity as each party to the merger or as the converting bank, with...
• § 23-48-508 - Resulting State Bank -- Time for Conformance With State Law.
  If a party to a merger or converting bank has assets which do not conform to the requirements of state law for the resulting...
• § 23-48-509 - Merger of Wholly Owned Arkansas Bank Holding Company Into State Bank.
  (a) With the approval of the Bank Commissioner, any wholly owned Arkansas bank holding company that owns all of the outstanding shares of each...
• § 23-48-510 - Purchases or Assumptions by a State Bank.
  (a) (1) With the approval of the State Banking Board and the concurrence of the Bank Commissioner and subject to the provisions of this...
• § 23-48-511 - Commissioner's Granting of New Charter or Branch Facility in Connection With Failed Institutions.
  (a) Upon application of either individual incorporators or a bank holding company, the Bank Commissioner is authorized to grant a state bank charter to...
• § 23-48-512 - Provisions When Resulting State Bank Not to Exercise Trust Powers.
  When a resulting state bank is not to exercise trust powers, the Bank Commissioner shall not approve a merger or conversion until satisfied that...

Last modified: November 15, 2016