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Subchapter 1 - General Provisions
§ 23-37-101. Definitions - (a) As used in this chapter, unless the context otherwise...
§ 23-37-102. Acts 1963, No. 227, controlling - Insofar as the provisions of this act are inconsistent with...
§ 23-37-103. Authority to do business as savings and loan association - (a) From and after March 13, 1963, it shall be...
§ 23-37-104. Preexisting associations - (a) The name, rights, powers, privileges, and immunities of every...
§ 23-37-105. Arkansas Business Corporation Act applicable to stock savings and loan associations - Hereafter the Arkansas Business Corporation Act, § 4-26-101 et seq.,...
§ 23-37-106. Federal savings and loan associations - Unless federal laws or regulations provide otherwise, federal associations and...
§ 23-37-107. Fees - The Supervisor of Savings and Loan Associations shall collect in...
§ 23-37-108. Associations subject to gross receipts and compensating taxes - All savings and loan associations organized pursuant to the laws...
Subchapter 2 - Supervision
§ 23-37-201. Regulatory agencies generally - All associations subject to this chapter shall be supervised and...
§ 23-37-202. Disclosure of information - It shall be unlawful for any member of the Savings...
§ 23-37-204. Records of hearings and decisions - The Supervisor of Savings and Loan Associations shall maintain permanent...
§ 23-37-206. Division of Savings and Loan Associations — Supervisor — Staff - (a) There is created a Division of Savings and Loan...
§ 23-37-207. Supervisor's powers and duties generally - (a) The Supervisor of Savings and Loan Associations shall have...
§ 23-37-208. Supervisor's investigatory powers - (a) For the purpose of any investigation, examination, inquiry, or...
§ 23-37-209. Communications from supervisor — Manner of sending - Every approval or rejection by the Supervisor of Savings and...
§ 23-37-210. Annual audit and examination - (a) (1) The affairs of every association subject to this...
§ 23-37-211. Accounting practices - Every association shall use those forms and observe those accounting...
§ 23-37-212. Cease and desist orders, injunctions, etc - (a) (1) If after notice from the Supervisor of Savings...
§ 23-37-214. Appeal from decision of board - (a) Any person affected by any action, decision, or order...
Subchapter 3 - Organization
§ 23-37-301. Application for charter - (a) Application for a charter for a savings and loan...
§ 23-37-302. Capitalization requirements generally - The capitalization of a proposed stock or mutual association shall...
§ 23-37-303. Permanent capital stock - (a) The charter of an association may provide for the...
§ 23-37-304. Permanent stock associations — Paid-in surplus requirements - As a prerequisite to the approval of any application for...
§ 23-37-305. Permanent stock associations — Initial subscriptions to savings accounts - As a prerequisite to approval of any application for a...
§ 23-37-306. Mutual associations — Expense fund requirement - (a) In addition to the savings account subscriptions required by...
§ 23-37-307. Bylaws - In addition to any provisions which may be adopted by...
§ 23-37-308. Insurance of accounts - No association chartered under this chapter shall carry on the...
§ 23-37-309. Hearings on charter applications - When a proper application for a charter has been filed,...
§ 23-37-310. Approval or denial of application for charter - (a) The Savings and Loan Association Board [abolished] shall not...
§ 23-37-311. Failure to commence business — Cancellation of charter - (a) Within one (1) year after the date of the...
§ 23-37-312. Amendment of charter and bylaws - By resolution adopted by a majority vote of its members...
§ 23-37-313. Changes in name, location, etc - (a) No association shall, without the prior approval of the...
§ 23-37-314. Indemnity bonds of directors, officers, and employees - (a) Every association shall maintain on file with the Supervisor...
§ 23-37-315. Corporate name - (a) (1) The name of every new association organized under...
§ 23-37-316. Standards of conduct - (a) A director of a state-chartered savings and loan association...
Subchapter 4 - Operation Generally
§ 23-37-401. Powers commensurate with federal associations - Irrespective of any limitations contained in this chapter, the Supervisor...
§ 23-37-402. Authority to act as trustee for certain trusts - (a) A savings and loan association created pursuant to the...
§ 23-37-403. Dividends - (a) (1) After providing for payment of the expenses of...
§ 23-37-404. Branch offices - (a) The Supervisor of Savings and Loan Associations in either...
§ 23-37-405. Membership charges prohibited - (a) No association shall directly or indirectly charge any membership,...
§ 23-37-406. Payment of commission on sale of stock - An association shall pay no fee, commission, or other remuneration...
Subchapter 5 - Savings Accounts
§ 23-37-501. Accounts of minors - (a) An association and any federal association may accept savings...
§ 23-37-502. Accounts in the names of two or more persons - Savings accounts may be opened in any association or a...
§ 23-37-503. Accounts of fiduciaries - (a) An association or a federal association may accept savings...
§ 23-37-504. Accounts of deceased nonresidents - (a) When a savings account is held in any association...
§ 23-37-505. Withdrawals generally - (a) Any savings account holder may, at any time, present...
§ 23-37-506. Conflicting claims to accounts - In the event an association is given notice that conflicting...
§ 23-37-507. Damages for refusal to pay withdrawal request - In the event an association wrongfully and without legal right...
§ 23-37-508. Power of attorney - An association or a federal association may recognize, or continue...
§ 23-37-509. Lien on account of borrower — Pledge of third party's account as security on loan - (a) Every association operating under this chapter or any federal...
§ 23-37-510. Validity of release or acquittance by officers of corporation or association - A release or acquittance signed by either the president or...
§ 23-37-512. Legal investments in accounts - (a) Administrators, executors, guardians, trustees, and other fiduciaries, business corporations,...
Subchapter 6 - Foreign Associations
§ 23-37-601. Operation in city on state line - A savings and loan association doing business in a state...
§ 23-37-602. Agents, brokers, etc., generally - Unless acting as an agent for and on behalf of...
§ 23-37-603. Broker's license - (a) Application for a broker's license shall be made to...
Subchapter 7 - Conversion, Merger, Etc.
§ 23-37-701. Conversion of state association into federal association - (a) Any association subject to this chapter may convert itself...
§ 23-37-702. Conversion of federal association into state association - (a) Upon the approval of the Federal Home Loan Bank...
§ 23-37-703. Conversion of mutual association into stock association - (a) With the approval of the Savings and Loan Association...
§ 23-37-704. Contemporaneous conversion from federal mutual to state stock association - (a) A federal association may file with the Savings and...
§ 23-37-705. Reorganization, merger, consolidation, or sale of assets - (a) Pursuant to a plan adopted by the board of...
§ 23-37-706. Federal Savings and Loan Insurance Corporation [abolished] as receiver - (a) The Federal Savings and Loan Insurance Corporation [abolished] is...
Subchapter 8 - Regional Savings and Loan Act of 1987
§ 23-37-801. Title - This subchapter shall be known and may be cited as...
§ 23-37-802. Definitions - As used in this subchapter, unless the context otherwise requires:...
§ 23-37-803. Penalties and remedies - (a) In the event any association or savings and loan...
§ 23-37-804. Acts requiring prior approval of the board - With the prior approval of the Savings and Loan Association...
§ 23-37-805. Acts requiring prior approval of federal authorities - With the prior approval of the Federal Home Loan Bank...
§ 23-37-806. Savings and loan holding company acquisitions not requiring prior approval - (a) Without any prior approval of the Savings and Loan...
§ 23-37-807. Applications to the board for approval - (a) Whenever an application is filed as required under §...
§ 23-37-808. Permissible nondisqualified acquisitions - A southern region association, a southern region savings and loan...
§ 23-37-809. Prohibited acquisitions - (a) Except as specifically permitted under § 23-37-812, no Arkansas...
§ 23-37-810. Acquirer of an Arkansas association or Arkansas savings and loan holding company subject to Arkansas laws - Any southern region association or southern region savings and loan...
§ 23-37-811. Registration of association — Reports — Rules - (a) Each Arkansas association, Arkansas savings and loan holding company,...
§ 23-37-812. Determination of total deposits - For purposes of this subchapter, the total deposits of savings...