(a) The State Bank Department shall retain its general records for at least ten (10) years, with the following exceptions:
(1) Transcripts of hearings before the State Banking Board or the Bank Commissioner shall be retained for at least three (3) years;
(2) Applications submitted to the department shall be retained for at least three (3) years; and
(3) Articles of incorporation and amendments thereto and stock transfer certificates and approvals shall be retained permanently, except in cases in which the records concern a bank which has been merged, sold, or liquidated, in which cases the records shall be retained for at least five (5) years.
(b)
(1) In lieu of retention of the original records thereof, the department may cause any or all of its records and records held at any time in its custody to be photographed or otherwise reproduced in permanent form.
(2) Any photograph or other reproduction shall have the same force and effect as the original thereof and be admitted into evidence equally as with the original.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 46 - State Bank Department and State Banking Board
Subchapter 2 - State Bank Department
§ 23-46-201. Creation of State Bank Department
§ 23-46-203. Seal — Evidentiary effect — Fees
§ 23-46-204. Bank Commissioner — Appointment and removal
§ 23-46-205. Bank Commissioner — Powers and duties
§ 23-46-206. Employment and duties of staff generally
§ 23-46-207. Interests in financial institutions prohibited
§ 23-46-209. Records and financial reports — Disposition of funds
§ 23-46-210. Annual and biennial reports of Bank Commissioner
§ 23-46-211. Retention of State Bank Department records
§ 23-46-212. Emergency powers of Bank Commissioner — Legislative findings and intent — Definitions