Arkansas § 23-48-903 Interstate merger transactions and branching permitted

Arkansas Statutes

§ 23-48-903 — Interstate merger transactions and branching permitted

One (1) or more Arkansas banks, provided no such Arkansas bank has a de novo charter, may enter into an interstate merger transaction with one (1) or more out-of-state banks under this subchapter in which the out-of-state bank is the resulting bank, and the out-of-state bank may thereafter maintain and operate the branches in Arkansas of any Arkansas bank that was a party to the interstate merger transaction, provided that the conditions and filing requirements of § 23-48-1001 et seq. are met.

Free access — add to your briefcase to read the full text and ask questions with AI

One (1) or more Arkansas banks, provided no such Arkansas bank has a de novo charter, may enter into an interstate merger transaction with one (1) or more out-of-state banks under this subchapter in which the out-of-state bank is the resulting bank, and the out-of-state bank may thereafter maintain and operate the branches in Arkansas of any Arkansas bank that was a party to the interstate merger transaction, provided that the conditions and filing requirements of § 23-48-1001 et seq. are met.

Arkansas § 23-48-903 (Interstate merger transactions and branching permitted) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.