On failure of any cooperative bank organized under this chapter prior to March 22, 1937, to comply with the provisions of § 4-30-205, it shall become the duty of the Bank Commissioner to take charge of the cooperative bank under the provisions of Acts 1931, No. 109, § 8 [repealed].
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 3 - Corporations and Associations
Chapter 30 - Cooperative Associations
Subchapter 2 - Cooperative Banks
§ 4-30-202. Applicability of subchapter
§ 4-30-203. Subchapter cumulative
§ 4-30-204. Future incorporation of cooperative banks prohibited
§ 4-30-205. Conditional termination of corporate existence
§ 4-30-206. Noncomplying banks — Supervision by commissioner
§ 4-30-207. Banks declared investment companies — Penalty — Exception