Arkansas § 23-46-508 Noncooperation with examiners

Arkansas Statutes

§ 23-46-508 — Noncooperation with examiners

Arkansas § 23-46-508

Title23

This text of Arkansas § 23-46-508 (Noncooperation with examiners) 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. § 23-46-508 (2026).

Text

(a)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:

(1)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.

(b)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.

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(a) 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: (1) 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. (b) 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.