If a party to a merger or converting bank has assets which do not conform to the requirements of state law for the resulting state bank or if it carries on business activities which are not permitted for the resulting state bank, the Bank Commissioner may permit a reasonable time in which to conform with state law.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 48 - Organization and Operation
§ 23-48-502. Merger or conversion of state bank into national bank
§ 23-48-503. Merger of bank, bank holding company, or savings and loan association into state bank
§ 23-48-504. Conversion of national bank or savings and loan association into state bank
§ 23-48-505. Merger of state bank into an out-of-state state-chartered bank
§ 23-48-506. Dissenting stockholders
§ 23-48-507. Continuation of corporate entity — Use of old name
§ 23-48-508. Resulting state bank — Time for conformance with state law
§ 23-48-509. Merger of wholly owned Arkansas bank holding company into state bank
§ 23-48-510. Purchases or assumptions by a state bank
§ 23-48-512. Provisions when resulting state bank not to exercise trust powers