§ 23-48-906 — Powers - Additional branches

Arkansas § 23-48-906

• Jurisdiction: Arkansas
• Title: 23

Text

(a) An out-of-state state-chartered bank which establishes and maintains one (1) or more branches in Arkansas under this subchapter may conduct any activities at such branch or branches which are authorized under the laws of Arkansas for state banks. (b) A state bank may conduct any activities at any branch outside Arkansas which are permissible for a bank chartered by the host state in which the branch is located, provided that the Bank Commissioner may prohibit any state bank from engaging in any activity not expressly allowed by the Arkansas Banking Code of 1997 if the commissioner determines, by order or rule, that the involvement of out-of-state branches of state banks in such activities would threaten the safety or soundness of state banks.

Legislative History

Amended by Act 2019, No. 315,§ 2552, eff. 7/24/2019. Acts 1997, No. 408, § 20; 2011, No. 796, § 4.