Arkansas § 23-35-801 Misleading conduct or use of words &quot;credit union&quot;

Arkansas Statutes

§ 23-35-801 — Misleading conduct or use of words "credit union"

Arkansas § 23-35-801

Title23

This text of Arkansas § 23-35-801 (Misleading conduct or use of words "credit union") is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 23-35-801 (2026).

Text

(a)It is unlawful for any person, corporation, copartnership, or association except a credit union subject to the provisions of this chapter or the Federal Credit Union Act to:

(1)Use a name or title containing the words "credit union" or any derivation thereof;

(2)Represent themselves in their advertising as a credit union; or (3) Otherwise conduct business as a credit union.

(b)Any person who willfully violates this section shall be guilty of a Class D felony and may be permanently enjoined from such conduct.

(c)The State Credit Union Supervisor may institute and prosecute actions in his or her own name in the circuit court of any county having jurisdiction, to seek any judicial remedy necessary to enforce the provisions of this section.

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(a) It is unlawful for any person, corporation, copartnership, or association except a credit union subject to the provisions of this chapter or the Federal Credit Union Act to: (1) Use a name or title containing the words "credit union" or any derivation thereof; (2) Represent themselves in their advertising as a credit union; or (3) Otherwise conduct business as a credit union. (b) Any person who willfully violates this section shall be guilty of a Class D felony and may be permanently enjoined from such conduct. (c) The State Credit Union Supervisor may institute and prosecute actions in his or her own name in the circuit court of any county having jurisdiction, to seek any judicial remedy necessary to enforce the provisions of this section.