Arkansas § 23-51-152 Approval of commissioner

Arkansas Statutes

§ 23-51-152 — Approval of commissioner

(a)If the Bank Commissioner approves the merger and finds that all required filing fees and investigative costs have been paid, the commissioner shall:

(1)Endorse the face of the original and each copy with the date of approval and the word "Approved";

(2)File the original in the State Bank Department's records; and (3) Deliver a certified copy of the articles of merger to each surviving, new, or acquiring entity.

(b)A merger is effective on the date of approval, unless the merger agreement provides and the commissioner consents to a different effective date.

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(a) If the Bank Commissioner approves the merger and finds that all required filing fees and investigative costs have been paid, the commissioner shall: (1) Endorse the face of the original and each copy with the date of approval and the word "Approved"; (2) File the original in the State Bank Department's records; and (3) Deliver a certified copy of the articles of merger to each surviving, new, or acquiring entity. (b) A merger is effective on the date of approval, unless the merger agreement provides and the commissioner consents to a different effective date.

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