Arkansas § 23-49-108 Sale of assets - Assumption of deposit liabilities by new institution

Arkansas Statutes

§ 23-49-108 — Sale of assets - Assumption of deposit liabilities by new institution

Arkansas § 23-49-108

Title23

This text of Arkansas § 23-49-108 (Sale of assets - Assumption of deposit liabilities by new institution) 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. § 23-49-108 (2026).

Text

(a)The receiver may, with ex parte approval of the circuit court, sell all or any part of the institution's assets to one (1) or more other state or federally chartered depository institution or to a federal deposit insurance agency in its corporate capacity.

(b)The receiver may also borrow from a federal deposit insurance agency any amount necessary to facilitate the assumption of deposit liabilities by a newly chartered or existing state or federally chartered depository institution, assigning any part or all of the assets of the institution as security for the loan.

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

(a) The receiver may, with ex parte approval of the circuit court, sell all or any part of the institution's assets to one (1) or more other state or federally chartered depository institution or to a federal deposit insurance agency in its corporate capacity. (b) The receiver may also borrow from a federal deposit insurance agency any amount necessary to facilitate the assumption of deposit liabilities by a newly chartered or existing state or federally chartered depository institution, assigning any part or all of the assets of the institution as security for the loan.