Arkansas Code
Subchapter 3 - Organization and Management Generally
§ 23-48-306. Relocation of place of business — Amendment of articles

(a)
(1) Any state bank may apply for authority to change its place of business from one (1) municipality to another by filing with the Bank Commissioner, as an amendment to its articles of incorporation, two (2) copies of a resolution to that effect, and such additional information which the commissioner may require.
(2) The resolution must be adopted upon the affirmative vote of the holders of at least a simple majority of the outstanding shares entitled to vote thereon, at any annual or special meeting of the stockholders.
(3) Both copies of the resolution shall be signed by the president or chief executive officer or a vice president.
(4) One (1) of the copies of the resolution shall be retained by the commissioner. The other copy, if the commissioner and State Banking Board approve the amendment, shall be returned with the commissioner's endorsement of approval thereof.

(b) The amendment shall become effective when it has been approved by the commissioner and the board.
(c) Each application for authority to change a state bank's place of business shall be accompanied by a fee as shall be set by State Bank Department rule, which fee shall be paid to the department.

Structure Arkansas Code

Arkansas Code

Title 23 - Public Utilities and Regulated Industries

Subtitle 2 - Financial Institutions And Securities

Chapter 48 - Organization and Operation

Subchapter 3 - Organization and Management Generally

§ 23-48-301. Application for incorporation

§ 23-48-302. Organizational expenses

§ 23-48-303. Promoter's fees prohibited

§ 23-48-304. Investigation of new charter applications by Bank Commissioner

§ 23-48-305. Issuance and filing of certificate of incorporation

§ 23-48-306. Relocation of place of business — Amendment of articles

§ 23-48-307. Objects and method of charter amendment

§ 23-48-308. Filing of amendments to articles of incorporation

§ 23-48-309. Names of state banks and subsidiary trust companies

§ 23-48-310. Minimum capital requirements generally

§ 23-48-311. Increase or decrease of capital stock

§ 23-48-312. Liability of shareholders — Assessment of stock

§ 23-48-313. Classes of stock — Fractional shares — Scrip

§ 23-48-314. Preemptive rights of stockholders

§ 23-48-315. Issuance and sale of capital notes and other subordinated indebtedness

§ 23-48-316. Transfer of stock

§ 23-48-317. Change in control

§ 23-48-318. Stockholder meetings — Notice of special meeting

§ 23-48-319. Stockholder meetings — Notice of annual meeting

§ 23-48-320. Stockholder meetings — Quorum — Voting

§ 23-48-321. Closing transfer books — Fixing record date

§ 23-48-322. Board of directors — Standard of conduct

§ 23-48-323. Officers — Selection — Terms — Bonds

§ 23-48-324. Officers — Taking acknowledgments

§ 23-48-325. Banker's banks

§ 23-48-326. Application of Arkansas Business Corporation Act

§ 23-48-327. Registered office and registered agent for service of process