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Ark. Code Ann. § 23-46-508

Noncooperation with examiners

Acts 1997, No. 89, § 1.

(1) The Bank Commissioner may revoke a state bank's or subsidiary trust company's authority to transact business and may proceed to wind up its business whenever any officer of the state bank or subsidiary trust company: Refuses to submit the books, papers, and effects thereof to the inspection of the commissioner or examiners;

(2) In any manner obstructs or interferes with the commissioner, or examiner, in the discharge of his or her duties; or

(3) Refuses to be examined on oath touching the affairs of the financial institution.

(4) The commissioner may issue a cease and desist order whenever an officer of any financial institution acts in any manner described in subsections (a)(1)-(3) of this section.

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.