(a) The Bank Commissioner may revoke a state bank's or subsidiary trust company's authority to transact business and may proceed to wind up its business whenever any officer of the state bank or subsidiary trust company:
(1) Refuses to submit the books, papers, and effects thereof to the inspection of the commissioner or examiners;
(2) In any manner obstructs or interferes with the commissioner, or examiner, in the discharge of his or her duties; or
(3) Refuses to be examined on oath touching the affairs of the financial institution.
(b) The commissioner may issue a cease and desist order whenever an officer of any financial institution acts in any manner described in subsections (a)(1)-(3) of this section.
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 5 - Reports and Examinations
§ 23-46-502. Statement on call
§ 23-46-503. When examinations made
§ 23-46-504. Examination of affiliates
§ 23-46-505. Noncompliance with banking law — Special examinations
§ 23-46-506. Examination procedure
§ 23-46-507. Information furnished state or federal agencies
§ 23-46-508. Noncooperation with examiners
§ 23-46-509. Assessment fees, application fees, and other department fees
§ 23-46-510. Failure to make report or pay fees — Penalty
§ 23-46-511. Retention of records
§ 23-46-512. Changes in chief executive officer and directors