With the prior approval of the Savings and Loan Association Board [abolished] in accordance with § 23-37-807(a) and upon receipt of approval from all other applicable state and federal regulatory authorities having approval authority over the transaction:
(1) A company may become an Arkansas savings and loan holding company;
(2) An Arkansas savings and loan holding company may acquire:
(A) An Arkansas association or other Arkansas savings and loan holding company;
(B) A southern region association or a southern region savings and loan holding company; and
(C) An association or savings and loan holding company having association offices which are located outside of the southern region as authorized under § 23-37-811(a);
(3) A southern region savings and loan holding company may acquire a southern region savings and loan holding company having an Arkansas association subsidiary;
(4) An Arkansas state association may acquire a southern region association; and
(5) A southern region association may acquire an Arkansas state association.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 37 - Savings And Loan Associations
Subchapter 8 - Regional Savings and Loan Act of 1987
§ 23-37-803. Penalties and remedies
§ 23-37-804. Acts requiring prior approval of the board
§ 23-37-805. Acts requiring prior approval of federal authorities
§ 23-37-806. Savings and loan holding company acquisitions not requiring prior approval
§ 23-37-807. Applications to the board for approval
§ 23-37-808. Permissible nondisqualified acquisitions
§ 23-37-809. Prohibited acquisitions