Arkansas § 5-37-206 Receiving a deposit in a failing financial institution

Arkansas Statutes

§ 5-37-206 — Receiving a deposit in a failing financial institution

Arkansas § 5-37-206

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This text of Arkansas § 5-37-206 (Receiving a deposit in a failing financial 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. § 5-37-206 (2026).

Text

(a)A person commits the offense of receiving a deposit in a failing financial institution if, as an officer, manager, or other person participating in the direction of a financial institution, the person knowingly receives or permits the receipt of a deposit or other investment, knowing that the financial institution is insolvent, without disclosing the true financial condition of the financial institution.

(b)Receiving a deposit in a failing financial institution is a Class A misdemeanor.

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(a) A person commits the offense of receiving a deposit in a failing financial institution if, as an officer, manager, or other person participating in the direction of a financial institution, the person knowingly receives or permits the receipt of a deposit or other investment, knowing that the financial institution is insolvent, without disclosing the true financial condition of the financial institution. (b) Receiving a deposit in a failing financial institution is a Class A misdemeanor.