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Subchapter 1 - Powers Generally
§ 23-47-101. Powers of state banks generally - (a) Subject to any State Bank Department rule and consistent...
§ 23-47-102. Acquisition and disposition of own stock - (a) No state bank shall be the purchaser or holder...
§ 23-47-103. Acquisition of bank premises - (a) A state bank or subsidiary trust company, acting with...
§ 23-47-104. Prohibition on engaging in business as real estate salespersons or brokers - Banks, bank holding companies, and subsidiaries of banks or bank...
Subchapter 2 - Deposits
§ 23-47-201. Notice of rules governing deposits - (a) (1) Banks shall have the power to make rules...
§ 23-47-202. Deposits by minors - When any deposit is made in any bank by a...
§ 23-47-203. Securing of deposits - (a) It shall be lawful for any state bank to...
§ 23-47-204. Deposit accounts — Definitions - (a) (1) As used in this section: (A) “Multiple-party deposit...
§ 23-47-205. Adverse claim to deposit - Notice to a bank of an adverse claim to a...
§ 23-47-206. Settlement of checks at par — Exception - (a) No state bank shall settle any check drawn on...
§ 23-47-207. Payment of overdrafts — Liability of officer or employee - (a) Any officer or employee who knowingly pays out the...
§ 23-47-208. Deferred income investment accounts - (a) On behalf of depositors, state banks may create and...
§ 23-47-209. Savings promotion raffle — Definitions - (a) As used in this section: (1) (A) “Financial institution”...
Subchapter 3 - Agency Designation on Certificates of Deposit
§ 23-47-301. Definitions - In this subchapter: (1) “Account” means a contract of deposit...
§ 23-47-302. Scope of subchapter - (a) This subchapter applies to accounts in this state. (b)...
§ 23-47-303. Forms - A contract of deposit that substantially contains the following form...
§ 23-47-304. Designation of agent - (a) Unless the terms of an agency designation provide that...
§ 23-47-305. Payment to designated agent - On request of an agent under an agency designation for...
§ 23-47-306. Payment to minor - If a bank is required or permitted to make payment...
§ 23-47-307. Discharge - (a) (1) Payment made pursuant to this subchapter in accordance...
§ 23-47-308. Setoff - (a) Without qualifying any other statutory right to setoff or...
§ 23-47-309. Effect on other laws - This subchapter is supplemental to all laws pertaining to the...
Subchapter 4 - Investments
§ 23-47-401. Investment powers and limitations - (a) A state bank may invest its funds without limitation...
Subchapter 5 - Loans
§ 23-47-501. Loan limits — Maximum generally - (a) The total indebtedness to any state bank of any...
§ 23-47-502. Loan limits — Inclusions and exceptions - (a) The following loans and other forms of indebtedness shall...
§ 23-47-503. Loans involving stock of state bank - (a) It shall be unlawful for any state bank to...
§ 23-47-504. Loans to affiliates and insiders - The provisions of subsections (g) and (h) of section 22...
§ 23-47-505. Illegal loans — Liability of officer or director - Any officer or director of any state bank who shall...
§ 23-47-506. Sale of certain mortgage loans - Notwithstanding any other provision of law, any state bank which...
§ 23-47-507. Power to hold and sell collateral - (a) A state bank may hold and sell all kinds...
§ 23-47-508. Disposition of real estate acquired through debt collection - (a) Except as provided in subsection (b) of this section,...
§ 23-47-509. Loans to minors - Whenever a minor borrows money from a bank for the...
§ 23-47-510. Casualty insurance — Replacement cost coverage - (a) A state bank, when making a mortgage loan, may...
Subchapter 6 - Subsidiaries
§ 23-47-601. Operating subsidiaries - (a) (1) With the prior approval of the Bank Commissioner,...
§ 23-47-602. Real estate subsidiaries - (a) A state bank acting through an operating subsidiary or...
§ 23-47-603. Bank service companies - (a) As used in this section, unless the context otherwise...
§ 23-47-605. Community development corporations - (a) As used in this section, the term “public welfare”...
§ 23-47-606. Small business investment companies - (a) A state bank may purchase up to one hundred...
§ 23-47-607. Investment in stock of certain banks authorized to do foreign banking - (a) Any state bank may purchase up to one hundred...
§ 23-47-608. Authority to act through subsidiaries - With prior notice to the Bank Commissioner and in accordance...
Subchapter 7 - Trust Powers
§ 23-47-701. Authority of Bank Commissioner - The Bank Commissioner shall be authorized and empowered to grant...
§ 23-47-702. Considerations determinative of grant or denial of applications - In determining whether to grant an application by a state...
§ 23-47-703. Grant and exercise of powers deemed not in contravention of Arkansas law - The granting and exercise of such powers as are authorized...
§ 23-47-704. Segregation of fiduciary and general assets — Separate books and records - State banks exercising any or all of the powers enumerated...
§ 23-47-705. Prohibited operations — Separate investment account — Collateral for certain funds used in conduct of business — Lien and claim upon state bank failure - (a) (1) No state bank shall receive in its trust...
§ 23-47-706. Official's oath or affidavit - If Arkansas law requires that a corporation acting as trustee,...
§ 23-47-707. Loans of trust funds to officers and employees prohibited — Penalties - (a) It shall be unlawful for any state bank to...
§ 23-47-708. Surrender of authorization — Board resolution — Commissioner certification — Activities affected - (a) (1) Any state bank desiring to surrender its right...
§ 23-47-709. Revocation — Procedures available - (a) (1) In addition to the authority conferred by any...
§ 23-47-710. Services provided by affiliates - (a) Any bank, subsidiary trust company, or national trust company...
Subchapter 8 - Subsidiary Trust Companies
§ 23-47-801. Definitions - For purposes of this subchapter, “affiliated bank” means a bank,...
§ 23-47-802. Subsidiary trust companies — Creation, formation, etc. — Powers — Location - (a) Notwithstanding the provisions of § 23-48-405, bank holding companies...
§ 23-47-803. Substitution of subsidiary trust company or national trust company for affiliated bank - (a) A subsidiary trust company or national trust company and...
§ 23-47-804. Removal of accounts from operation of substitution agreement — Denial of substitution - (a) A fiduciary account may be removed from the operation...
§ 23-47-805. Deposits - (a) A subsidiary trust company or national trust company may...
§ 23-47-806. Responsibility for acts and omissions - (a) The bank holding company owning a subsidiary trust company...
§ 23-47-807. Qualification as successor fiduciary - For the purposes of qualification as successor fiduciary under any...
Subchapter 9 - Safe-deposit Facilities
§ 23-47-901. Safe deposit facilities — Liability of lessor - (a) A bank may lease safe-deposit boxes for the keeping...
§ 23-47-902. Multiple-party leases - (a) If a safe-deposit box is held in the name...
§ 23-47-903. Lease to a minor - A bank may lease a safe-deposit box to a minor...
§ 23-47-904. Limiting right of access for failure to comply with security procedures - If any lessee is unwilling or unable to comply with...
§ 23-47-905. Adverse claims to contents of safe-deposit box - Notice to a bank of an adverse claim to the...
§ 23-47-906. Remedies and procedures for nonpayment of rent - (a) If the safe-deposit box rental is delinquent for six...