§ 23-46-407 — Decision - Judicial review

(a) The State Banking Board shall render its decision in writing at or after a hearing before it, which decision shall include the board's findings of fact and conclusions of law. (b) (1) (A) If the application is approved by the board, the Bank Commissioner may, in the event that he or she also shall approve the application, grant the relief sought. (B) If the commissioner does not concur in the board's grant of the application, the relief sought shall not be granted, and the commissioner's written decision stating his or her reasons for not concurring shall be attached to the copy of the board's decision and shall be mailed to each person who actively appeared and participated in the hearing. (2) If the board shall disapprove the application, the commissioner shall not grant the relief sought. (c) (1) The time for filing a petition for judicial review under the Arkansas Administrative Procedure Act, § 25-15-201 et seq., shall run from the date the final decision of the board is mailed or delivered in written form to the parties desiring to appeal. (2) The hearing of the petition for review will be advanced on the docket of each reviewing court as a matter of public interest.

Legislative History

Acts 1997, No. 89, § 1.