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Section 23-48-405 - Ownership or control of subsidiaries — Arkansas Law | CourtGPT
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  3. Arkansas/
  4. Title 23 - Public Utilities and Regulated Industries (§§ 23-1-101 — 23-119-105)/
  5. Subtitle 2 - Financial Institutions and Securities/
  6. Chapter 48 - Organization and Operation Sub/
  7. Subchapter 4 - Bank Holding Companies/
  8. Section 23-48-405 - Ownership or control of subsidiaries
Arkansas Legal Code

Section 23-48-405 - Ownership or control of subsidiaries

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It shall be unlawful for a bank holding company to directly or indirectly own or control more than one (1) bank subsidiary if any such bank subsidiary with its main office in Arkansas has a de novo charter.Acts 1997, No. 89, § 1; 1997, No. 408, § 10.

It shall be unlawful for a bank holding company to directly or indirectly own or control more than one (1) bank subsidiary if any such bank subsidiary with its main office in Arkansas has a de novo charter.Acts 1997, No. 89, § 1; 1997, No. 408, § 10.