(a) An out-of-state bank that desires to operate a branch location in the State of Arkansas, whether initial entry into the state is by an interstate merger transaction or establishment of a full-service branch, shall apply for a certificate of authority to transact banking business in this state. An applicant shall deliver an application to […]
(a) A registered out-of-state bank shall apply for an amended certificate of authority from the Bank Commissioner if it changes: (1) The name of the bank; (2) The period of its duration; or (3) The state or country under which it is chartered. (b) The requirements of § 23-48-1001 for applying for an original certificate […]
(a) A certificate of authority authorizes the out-of-state bank to which it is issued to transact business in this state subject, however, to the right of the state to revoke the certificate as provided in this chapter. (b) An out-of-state bank with a valid certificate of authority has the same but no greater rights and […]
Each registered out-of-state bank must continuously maintain in this state: (1) A registered office that may be the same as any of its places of business; and (2) A registered agent, who may be: (A) An individual who resides in this state and whose business office is identical with the registered office; (B) A state […]
(a) A registered out-of-state bank may change its registered office or registered agent by delivering to the Bank Commissioner for filing a statement of change that sets forth: (1) Its name; (2) The street address of its current registered office; (3) If the current registered office is to be changed, the street address of its […]
(a) The registered agent of an out-of-state bank may resign his or her agency appointment by signing and delivering to the Bank Commissioner for filing the original and two (2) exact or conformed copies of a statement of resignation. The statement of resignation may include a statement that the registered office is also discontinued. (b) […]
(a) The registered agent of a registered out-of-state bank is the bank’s agent for service of process, notice, or demand required or permitted by law to be served on the out-of-state bank. (b) A registered out-of-state bank may be served by registered or certified mail, return receipt requested, addressed to the secretary or cashier of […]
(a) A registered out-of-state bank may not withdraw from this state until it obtains a certificate of withdrawal from the Bank Commissioner. (b) A registered out-of-state bank may apply for a certificate of withdrawal by delivering an application to the commissioner for filing. The application must set forth: (1) The name of the out-of-state bank […]
The Bank Commissioner may commence a proceeding under § 23-48-1010 to revoke the certificate of authority of a registered out-of-state bank if: (1) The out-of-state bank does not deliver its annual franchise tax report to the Department of Finance and Administration within sixty (60) days after it is due; (2) The out-of-state bank does not […]
The Bank Commissioner may commence a proceeding under § 23-48-1010 to revoke the certificate of authority of a registered out-of-state bank if: (1) The out-of-state bank does not deliver its annual franchise tax report to the Secretary of State within sixty (60) days after it is due; (2) The out-of-state bank does not pay within […]
(a) If the Bank Commissioner determines that one (1) or more grounds exist under § 23-48-1009 for revocation of a certificate of authority, he or she shall serve the out-of-state bank with written notice of his or her determination under § 23-48-1007. (b) (1) If an out-of-state bank does not correct each ground for revocation […]
(a) (1) An out-of-state bank may appeal the Bank Commissioner’s revocation of its certificate of authority to the Pulaski County Circuit Court within thirty (30) days after service of the certificate of revocation is perfected under § 23-48-1007. (2) The out-of-state bank appeals by petitioning the court to set aside the revocation and attaching to […]
