§ 23-48-806 — Interconnected terminals

Arkansas § 23-48-806

• Jurisdiction: Arkansas
• Title: 23

Text

(a) In order to permit the transaction of any banking function authorized under this subchapter between a bank and its customers, any bank, pursuant to the provisions of this subchapter, may be interconnected with: (1) One (1) or more customer-bank communication terminals, including out-of-state customer-bank communication terminals, established by one (1) or more other banks; and (2) One (1) or more electronic funds transfer systems or computer systems, regardless of the location of the banks, customer-bank communication terminals, electronic funds transfer systems, or computer systems. (b) However, nothing in this section shall be construed as permitting any out-of-state bank, other than a registered out-of-state bank, to conduct banking business in this state unless expressly permitted by the Arkansas Banking Code of 1997.

Legislative History

Acts 1997, No. 89, § 1; 1997, No. 408, § 19.