reglab/housing_qa huggingface dataset:
AR Code § 23-35-609 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 35 - Credit Unions|Subchapter 6 - Operation|§ 23-35-609. Fiscal year

 The fiscal year of all credit unions subject to the provisions of this chapter shall end on December 31.
AR Code § 23-35-610 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 35 - Credit Unions|Subchapter 6 - Operation|§ 23-35-610. Establishment of subsidiary offices

 (a) A credit union shall have the power to establish offices at locations other than its main office if the maintenance of those offices is reasonably necessary to furnish services to its membership. No additional offices shall be established to serve persons who are not entitled to membership, as defined in the common bond provision of the articles of incorporation, and who would not be entitled to services of the credit union at its main office.  (b) All books of account shall be maintained at the main office of the credit union.  (c) The State Credit Union Supervisor shall grant prior written approval for the establishment of subsidiary offices. He or she shall have the authority to issue notice and hold a public hearing to determine if the establishment of the subsidiary office or offices is necessary and in the best interests of the credit union.
AR Code § 23-35-611 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 35 - Credit Unions|Subchapter 6 - Operation|§ 23-35-611. Records

 (a) All credit union records shall be kept for a period of five (5) years from the date of making them or from the date of the last entry thereon.  (b) No credit union shall be required to make receipt for payment except as may be provided in the bylaws, nor shall it be necessary to endorse a note showing date of payments or balance due.
AR Code § 23-35-701 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 35 - Credit Unions|Subchapter 7 - Merger, Conversion, or Dissolution|§ 23-35-701. Merger

 (a) Any credit union other than a central credit union may, with the approval of the State Credit Union Supervisor, merge with any other credit union under the existing charter of the other credit union, pursuant to any plan agreed upon by the majority of the board of directors of each credit union joining in the merger and approved by the affirmative vote of a majority of the members of each credit union present at the meetings of members duly called for that purpose. The supervisor may waive the common bond requirement of this chapter for merging credit unions if he or she determines that good cause has been shown for waiving the requirement and that the merger is consistent with the purposes of this chapter.  (b)  (1) After agreement by the directors and approval by the members of each credit union, the president and secretary of each credit union shall execute a certificate of merger, which shall set forth all of the following:  (A) The time and place of the meeting of the board of directors at which the plan was agreed upon;  (B) The vote in favor of adoption of the plan;  (C) A copy of the resolution or other action by which the plan was agreed upon;  (D) The time and place of the meeting of the members at which the plan agreed upon was approved;  (E) The vote by which the plan was approved by the members; and  (F) Such other provisions as set by rule or order of the supervisor.    (2) The certificates and a copy of the plan of merger agreed upon shall be forwarded to the supervisor and, if approved, returned to the merging credit unions.    (c) Upon any such merger so effected, all property, property rights, and interests of the merged credit union shall vest in the surviving credit union without deed, endorsement, or other instrument of transfer. All debts, obligations, and liabilities of the merged credit union shall be deemed to have been assumed by the surviving credit union under whose charter the merger was effected.  (d) This section shall be construed, whenever possible, to permit a credit union chartered under any other act to merge with one subject to the provisions of this chapter.
AR Code § 23-35-702 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 35 - Credit Unions|Subchapter 7 - Merger, Conversion, or Dissolution|§ 23-35-702. Conversion to or from federal credit union

 The State Credit Union Supervisor shall issue rules to permit the conversion of a credit union operating under this chapter to a federal credit union and the conversion of a federal credit union to a credit union operating under this chapter.
AR Code § 23-35-703 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 35 - Credit Unions|Subchapter 7 - Merger, Conversion, or Dissolution|§ 23-35-703. Voluntary dissolution

 A credit union may elect to dissolve voluntarily and wind up its affairs in the following manner:   (1) The board of directors of the credit union shall adopt a resolution recommending that the credit union be dissolved voluntarily and directing that the question of dissolution be submitted to a regular or special meeting of the members;  (2) After the adoption of the resolution to voluntarily dissolve, no receipts shall be accepted nor withdrawals permitted from its share or deposit accounts, nor shall any loans be made nor any dividends declared nor paid pending final determination by its membership on the voluntary dissolution;  (3) At a meeting called to consider the matter, a majority of the entire membership may vote to dissolve the credit union, provided a notice of the meeting was mailed to the members of the credit union at least ten (10) days prior thereto. Any member not present at the meeting may, within the next twenty (20) days, vote in favor of dissolution by signing a statement in a form approved by the State Credit Union Supervisor, and the vote shall have the same force and effect as if cast at the meeting;  (4) The credit union shall thereupon immediately cease to do business, except for the purpose of liquidation; and  (5) The president and the secretary of the credit union shall, within five (5) days following the meeting, notify the supervisor of intention to liquidate and shall include a list of the names and addresses of the directors and officers of the credit union.
AR Code § 23-35-704 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 35 - Credit Unions|Subchapter 7 - Merger, Conversion, or Dissolution|§ 23-35-704. Suspension of operations — Involuntary liquidation

 (a) If it shall appear that any credit union is bankrupt or insolvent, that it has willfully violated any of the provisions of this chapter, or that it is operating in an unsafe or unsound manner, the State Credit Union Supervisor shall issue an order temporarily suspending the credit union's operations. The board of directors of the credit union shall be given notice by registered mail of the suspension, which notice shall include a list of the reasons for the suspension and a list of the specific violations of this chapter.  (b) Upon receipt of the suspension notice, the credit union shall immediately cease all operations.  (c) The directors of the credit union shall then file a reply to the suspension notice with the supervisor within fifteen (15) days. They may request a hearing to present a plan of corrective actions proposed if they desire to continue operations, or they may request that the credit union be declared insolvent and that a liquidating agent be appointed.  (d)  (1) If the credit union fails to answer the suspension notice or request a hearing, the supervisor may then revoke the credit union's charter, appoint a liquidating agent, and liquidate the credit union in accordance with § 23-35-705.  (2)  (A) If the supervisor, after issuing notice of suspension and providing opportunity for a hearing, rejects the credit union's plan to continue operations, the supervisor may issue a notice of involuntary liquidation and appoint a liquidating agent.  (B) The credit union may request a stay of execution of this action by appealing to the circuit court of the jurisdiction in which the credit union is located.  (C) Involuntary liquidation may not be ordered prior to following the suspension procedures outlined in this section.
AR Code § 23-35-705 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 35 - Credit Unions|Subchapter 7 - Merger, Conversion, or Dissolution|§ 23-35-705. Procedure for liquidation or dissolution

 (a) The credit union shall continue in existence for the purposes of discharging its debts, collecting and distributing its assets, and doing all acts required in order to wind up its business, and it may sue and be sued for the purpose of enforcing its debts and obligations until its affairs are fully adjusted.  (b) The board of directors of the credit union, or in the case of involuntary dissolution the liquidating agent, shall, after applying each member's share or deposit account against any loan or debt owed the credit union by that member, use the assets of the credit union to pay:  (1) Expenses incidental to liquidation, including any surety bond that may be required;  (2) Any liability due nonmembers; and  (3) Savings club accounts as provided in this chapter.    (c) Assets then remaining shall be distributed to the members proportionately to the shares held by each member as of the date dissolution was voted or ordered.  (d) As soon as the board or liquidating agent determines that all assets from which there is a reasonable expectancy of realization have been liquidated and distributed as set forth in this section, they shall execute a certificate of dissolution on a form prescribed by the State Credit Union Supervisor and file the certificate with him or her.  (e) The credit union shall be subject to examination by the supervisor in accordance with its schedules.
AR Code § 23-35-801 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 35 - Credit Unions|Subchapter 8 - Prohibited Practices|§ 23-35-801. Misleading conduct or use of words “credit union”

 (a) It is unlawful for any person, corporation, copartnership, or association except a credit union subject to the provisions of this chapter or the Federal Credit Union Act to:  (1) Use a name or title containing the words “credit union” or any derivation thereof;  (2) Represent themselves in their advertising as a credit union; or  (3) Otherwise conduct business as a credit union.    (b) Any person who willfully violates this section shall be guilty of a Class D felony and may be permanently enjoined from such conduct.  (c) The State Credit Union Supervisor may institute and prosecute actions in his or her own name in the circuit court of any county having jurisdiction, to seek any judicial remedy necessary to enforce the provisions of this section.
AR Code § 23-35-802 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 35 - Credit Unions|Subchapter 8 - Prohibited Practices|§ 23-35-802. Commission or compensation for sale of shares, grant of loans, etc

 No credit union shall pay or receive any commission or compensation for securing members, for the sale of its shares, or for the granting of loans to its members or to other credit unions except for loan origination fees which are specifically provided for in § 23-35-603.
AR Code § 23-35-803 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 35 - Credit Unions|Subchapter 8 - Prohibited Practices|§ 23-35-803. Prohibited actions by officers, directors, agents, etc

 (a)  (1) It is unlawful for any officer, director, committee member, agent, employee, or loan officer of a credit union to permit a loan to be made to a nonmember or to participate in a loan to a nonmember.  (2) It is unlawful for any corporation, officer, director, member, committee member, agent, employee, or loan officer of a credit union to receive either directly or indirectly the proceeds of a credit union loan made in the name of another person, corporation, or credit union with the purpose to avoid compliance with this chapter.  (3) Any person who willfully violates this subsection shall be guilty of a Class A misdemeanor and shall be primarily liable to the credit union for the amount thus illegally loaned.  (4) The illegality of such a loan shall be no defense in any action of the credit union to recover on the loan.    (b)  (1) It is unlawful for any officer, director, committee member, agent, or employee of a credit union to make or subscribe to false entries or exhibit a false or fictitious paper, instrument, or security to a person authorized to examine the credit union books and records.  (2) Any person who willfully violates this subsection shall be guilty of a Class D felony.    (c)  (1) It is unlawful for any officer, director, committee member, agent, or employee of a credit union to receive payments on shares knowing the credit union is insolvent.  (2) Any person who willfully violates this subsection shall be guilty of a Class C felony.
AR Code § 23-35-804 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 35 - Credit Unions|Subchapter 8 - Prohibited Practices|§ 23-35-804. Compensation of directors or committee members

 (a) With the exception of the treasurer of the credit union whom the board of directors of the credit union has specifically appointed or contracted to actually work in the credit union, no director or member of a credit committee or supervisory committee may receive compensation for performing the duties or responsibilities of the board or committee position to which the person was elected or appointed.  (b) For purposes of this section, the term “compensation” specifically excludes reasonable and proper costs incurred by or on behalf of an official whether on a reimbursement basis or paid directly by the credit union in carrying out the responsibilities of the position.
AR Code § 23-37-101 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 37 - Savings And Loan Associations|Subchapter 1 - General Provisions|§ 23-37-101. Definitions

 (a) As used in this chapter, unless the context otherwise requires:  (1) “Association” means a corporation carrying on the business of a savings and loan association or a building and loan association under a charter issued by the State of Arkansas;  (2) “Board” means the Savings and Loan Association Board [abolished] duly appointed and acting pursuant to the terms of this chapter;  (3) “Broker” means a person, firm, or corporation who acts for or on behalf of any foreign savings and loan association or its agents, in soliciting or receiving applications for or funds for a savings account in any foreign savings and loan association;  (4) “Federal association” means a savings and loan association incorporated pursuant to the Home Owners’ Loan Act of 1933, whose principal business office is located within the territorial limits of this state;  (5) “Foreign association” means an association chartered under the laws of another state or a federal association organized in another state, but does not mean a federal association organized in this state;  (6) “Mutual association” means an association that does not have issued an outstanding permanent capital stock and whose affairs are managed by a board of directors elected by the members;  (7) “Savings account” means that part of the savings liability of an association which is credited to a member by reason of the investment of funds in the association other than permanent capital stock;  (8) “Stock association” means an association that has issued an outstanding permanent capital stock and whose affairs are managed by a board of directors elected by the holders of the permanent capital stock; and  (9) “Supervisor” means the Supervisor of Savings and Loan Associations acting and appointed pursuant to the terms of this chapter.    (b) The board may by rule define other terms used in this chapter and by the savings and loan industry.
AR Code § 23-37-102 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 37 - Savings And Loan Associations|Subchapter 1 - General Provisions|§ 23-37-102. Acts 1963, No. 227, controlling

 Insofar as the provisions of this act are inconsistent with the provisions of any other law affecting savings and loan associations or building and loan associations, the provisions of this act shall control.
AR Code § 23-37-103 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 37 - Savings And Loan Associations|Subchapter 1 - General Provisions|§ 23-37-103. Authority to do business as savings and loan association

 (a) From and after March 13, 1963, it shall be unlawful for any person, firm, company, association, fiduciary, partnership, or corporation, by whatever name called, except banks, to do business as a savings and loan association or a building and loan association within this state or to maintain any office in this state for the purpose of doing such business, except:  (1) Associations organized under the laws of this state and subject to this chapter; and  (2) Federal associations chartered to do business in this state.    (b) Any person, firm, or corporation, by whatever name known, except banks, which accepts funds from the public in the form of savings accounts, deposits, certificates of deposit, or similar evidences of indebtedness, and a substantial part of whose business is the making of loans on the security of real estate, shall be subject to all of the laws of this state governing the operation of a savings and loan or building and loan association.
AR Code § 23-37-104 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 37 - Savings And Loan Associations|Subchapter 1 - General Provisions|§ 23-37-104. Preexisting associations

 (a) The name, rights, powers, privileges, and immunities of every corporation incorporated in this state prior to March 13, 1963, and authorized under the laws of this state to carry on the business of a building and loan association or savings and loan association shall be governed, controlled, construed, extended, limited, and determined by the provisions of this act to the same extent and effect as if the corporation had been incorporated pursuant hereto.  (b) The articles of incorporation or association, certificate of incorporation, or charter, however entitled, bylaws and constitution, or other rules of every such corporation made or existing prior to March 13, 1963, are modified, altered, and amended to conform to the provisions of this act, with or without the issuance or approval by the Supervisor of Savings and Loan Associations of conformed copies of those documents. These documents are declared void to the extent that they are inconsistent with the provisions of this act.  (c) However, the obligations of any such existing corporation, whether between the corporation and its members, or any of them, or any other person, or any valid contract between the members of the corporation, or between the corporation and any other person, existing at the time this act takes effect, shall not be in any way impaired by the provisions of this act.  (d) With the exceptions mentioned in subsection (c) of this section, every such corporation shall possess the same rights, powers, privileges, and immunities as if chartered under this act and shall be subject to the duties, liabilities, disabilities, and restrictions conferred and imposed by this act, notwithstanding anything to the contrary in its certificate of incorporation, bylaws, constitution, or rules.  (e) All obligations to the corporation contracted prior to March 13, 1963, shall be enforceable by it and in its name, and demands, claims, and rights of action against the corporation may be enforced against it as fully and completely as they might have previously been enforced.  (f) The existing charter of any association formed pursuant to Acts 1929, No. 128, or any other law of this state, is confirmed and shall be deemed to be valid and outstanding to the same extent as if issued pursuant to this act.
AR Code § 23-37-105 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 37 - Savings And Loan Associations|Subchapter 1 - General Provisions|§ 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., shall be applicable to permanent stock savings and loan associations created or operating under the provisions of Acts 1963, No. 227, and those savings and loan associations shall enjoy the same powers and privileges and be subject to the same duties, restrictions, and liabilities as other corporations, except so far as the same may be limited or enlarged by the provisions of Acts 1963, No. 227. If any provision of Acts 1963, No. 227, conflicts with the Arkansas Business Corporation Act, § 4-26-101 et seq., the provisions of Acts 1963, No. 227, shall govern.
AR Code § 23-37-106 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 37 - Savings And Loan Associations|Subchapter 1 - General Provisions|§ 23-37-106. Federal savings and loan associations

 Unless federal laws or regulations provide otherwise, federal associations and the members thereof, incorporated pursuant to the Home Owners' Loan Act of 1933, shall possess all of the rights, powers, privileges, benefits, immunities, and exemptions that are provided for associations under this act. The making of any sections of this act specifically applicable to federal associations shall not be construed as making other sections of the act inapplicable to federal associations.
AR Code § 23-37-108 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 37 - Savings And Loan Associations|Subchapter 1 - General Provisions|§ 23-37-108. Associations subject to gross receipts and compensating taxes

 All savings and loan associations organized pursuant to the laws of this state and doing business in this state and all federal savings and loan associations doing business in this state shall be subject to the Arkansas Gross Receipts Act of 1941, § 26-52-101 et seq., and the Arkansas Compensating Tax Act of 1949, § 26-53-101 et seq.
AR Code § 23-37-201 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 37 - Savings And Loan Associations|Subchapter 2 - Supervision|§ 23-37-201. Regulatory agencies generally

 All associations subject to this chapter shall be supervised and regulated, and the provisions of this chapter shall be enforced by the Supervisor of Savings and Loan Associations, acting pursuant to the authority delegated by this chapter.