Arkansas Statutes

§ 23-36-105 — Supervision by Bank Commissioner

Arkansas·Title 23
(a)Every institution transacting the business of an industrial loan institution as defined by this chapter, whether as a separate business or in connection with any other business, under the laws of and within this state, shall be subject to the provisions of this chapter and shall be under the supervision of the Bank Commissioner.
(b)The commissioner may make, at any time and from time to time, any examinations of the affairs of securities affiliates or other affiliates of industrial loan institutions which are necessary to disclose fully the relations between the industrial loan institutions and their affiliates and the effect of the rules promulgated by the commissioner on the affairs of the industrial loan institutions.
(c)The commissioner shall exercise control of and supervision o

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Legislative History

Amended by Act 2019, No. 315,§ 2492, eff. 7/24/2019. Acts 1941, No. 111, § 8; A.S.A. 1947, § 67-1008.

Nearby Sections

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