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Section 23-48-605 - State bank and holding company to remain separate - Nonliability of directors, officers, etc — Arkansas Law | CourtGPT
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  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 6 - Reorganization Through Plan of Exchange/
  8. Section 23-48-605 - State bank and holding company to remain separate - Nonliability of directors, officers, etc
Arkansas Legal Code
The state bank and the bank holding company shall remain separate and distinct entities in all respects, with neither entity having any liability to the creditors or depositors, if any, or the stockholders of the other, or for any acts or omissions of the officers, directors, stockholders, or representatives of the other, other than obligations which may be expressly provided for in the plan of exchange.Acts 1997, No. 89, § 1; 1999, No. 117, § 3.

The state bank and the bank holding company shall remain separate and distinct entities in all respects, with neither entity having any liability to the creditors or depositors, if any, or the stockholders of the other, or for any acts or omissions of the officers, directors, stockholders, or representatives of the other, other than obligations which may be expressly provided for in the plan of exchange.Acts 1997, No. 89, § 1; 1999, No. 117, § 3.

Section 23-48-605 - State bank and holding company to remain separate - Nonliability of directors, officers, etc

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