Arkansas Code Title 23, Subtitle 2, Chapter 48, Subchapter 6 - Reorganization Through Plan of Exchange

• § 23-48-601 - Authority to Adopt Plan of Exchange -- Approval by Bank Commissioner Required.
  (a) (1) A state bank may adopt a plan of exchange for shares of the outstanding capital stock held by its stockholders, for the...
• § 23-48-602 - Procedure for Adopting and Filing Plan of Exchange.
  (a) The directors, consisting of at least a majority, of a state bank and bank holding company who desire to adopt a plan of...
• § 23-48-603 - Dissenting From Plan of Exchange.
  (a) (1) The owner of shares of a state bank which were voted against a plan of exchange, and who has given notice in...
• § 23-48-604 - Effect of Exchange.
  (a) (1) When the plan of exchange of shares as filed with the Bank Commissioner and approved by the commissioner under § 23-48-603 becomes...
• § 23-48-605 - State Bank and Holding Company to Remain Separate -- Nonliability of Directors, Officers, Etc.
  The state bank and the bank holding company shall remain separate and distinct entities in all respects, with neither entity having any liability to...

Last modified: November 15, 2016