(a)
(1) An out-of-state bank may appeal the Bank Commissioner's revocation of its certificate of authority to the Pulaski County Circuit Court within thirty (30) days after service of the certificate of revocation is perfected under § 23-48-1007.
(2) The out-of-state bank appeals by petitioning the court to set aside the revocation and attaching to the petition copies of its certificate of authority and the commissioner's certificate of revocation.
(b) The court may order the commissioner to reinstate the certificate of authority or may take any other action the court considers appropriate.
(c) The court's final decision may be appealed as in other civil proceedings.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 48 - Organization and Operation
Subchapter 10 - Registration of Out-of-State Banks
§ 23-48-1001. Application for certificate of authority
§ 23-48-1002. Amended certificate of authority
§ 23-48-1003. Effect of certificate of authority
§ 23-48-1004. Registered office and registered agent of out-of-state bank
§ 23-48-1005. Change of registered office or registered agent of out-of-state bank
§ 23-48-1006. Resignation of registered agent of out-of-state bank
§ 23-48-1007. Service on out-of-state banks
§ 23-48-1008. Withdrawal of out-of-state bank
§ 23-48-1009. Grounds for revocation. [Effective until May 1, 2021.]
§ 23-48-1009. Grounds for revocation. [Effective May 1, 2021.]