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Ark. Code Ann. § 23-37-804

Acts requiring prior approval of the board

Acts 1987, No. 45, § 3.

With the prior approval of the Savings and Loan Association Board [abolished] in accordance with § 23-37-807(a) and upon receipt of approval from all other applicable state and federal regulatory authorities having approval authority over the transaction:

(1) A company may become an Arkansas savings and loan holding company;

(2) An Arkansas savings and loan holding company may acquire: An Arkansas association or other Arkansas savings and loan holding company;

(3) A southern region association or a southern region savings and loan holding company; and

(4) An association or savings and loan holding company having association offices which are located outside of the southern region as authorized under § 23-37-811(a);

(5) A southern region savings and loan holding company may acquire a southern region savings and loan holding company having an Arkansas association subsidiary;

(6) An Arkansas state association may acquire a southern region association; and

(7) A southern region association may acquire an Arkansas state association.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.