When a proper application for a charter has been filed, the Supervisor of Savings and Loan Associations shall hold a public hearing on the application, after giving not less than twenty (20) days' written notice of the date and time of hearing to each existing association or federal association in the state. The notice shall be made promptly after the filing of an application. At the hearing, any interested party may appear, present evidence, and be heard for or against the application.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 37 - Savings And Loan Associations
§ 23-37-301. Application for charter
§ 23-37-302. Capitalization requirements generally
§ 23-37-303. Permanent capital stock
§ 23-37-304. Permanent stock associations — Paid-in surplus requirements
§ 23-37-305. Permanent stock associations — Initial subscriptions to savings accounts
§ 23-37-306. Mutual associations — Expense fund requirement
§ 23-37-308. Insurance of accounts
§ 23-37-309. Hearings on charter applications
§ 23-37-310. Approval or denial of application for charter
§ 23-37-311. Failure to commence business — Cancellation of charter
§ 23-37-312. Amendment of charter and bylaws
§ 23-37-313. Changes in name, location, etc
§ 23-37-314. Indemnity bonds of directors, officers, and employees