It shall be unlawful for a bank holding company to directly or indirectly own or control more than one (1) bank subsidiary if any such bank subsidiary with its main office in Arkansas has a de novo charter.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 48 - Organization and Operation
Subchapter 4 - Bank Holding Companies
§ 23-48-402. Nonapplicability of subchapter
§ 23-48-405. Ownership or control of subsidiaries
§ 23-48-406. Acquisition of bank stock or assets — Limitations