Arkansas Statutes
§ 23-36-103 — Directors
Arkansas § 23-36-103
JurisdictionArkansas
Title23
This text of Arkansas § 23-36-103 (Directors) 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. § 23-36-103 (2026).
Text
(a)At least three-fourths (3/4) of the number of directors of any industrial loan institution shall be residents of the county in which the city is located in which an industrial loan institution is organized or becomes active under this chapter.
(b)Every director shall own and hold unencumbered not less than five hundred dollars ($500) par value of the capital stock of the industrial loan institution.
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Legislative History
Acts 1941, No. 111, § 9; A.S.A. 1947, § 67-1009.
Nearby Sections
15
§ 23-1-101
Definitions§ 23-1-103
Compliance with Acts 1935, No. 324, and rules of commission required - Penalties for noncompliance§ 23-1-106
Penalties cumulative - Recovery of penalty not bar to further penalty or criminal prosecution§ 23-1-108
Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
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Bluebook (online)
Arkansas § 23-36-103, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/23-36-103.