reglab/housing_qa huggingface dataset:
AR Code § 23-48-604 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 6 - Reorganization Through Plan of Exchange|§ 23-48-604. Effect of exchange

 (a)  (1) When the plan of exchange of shares as filed with the Bank Commissioner and approved by the commissioner under § 23-48-603 becomes effective in accordance with the terms of the plan, the exchange provided for therein shall be deemed to have been consummated, and each shareholder of the state bank whose shares were acquired shall thereupon cease to be a shareholder of the state bank.  (2) The ownership of shares acquired in the plan of exchange, except shares payment of the value of which is required to be made under § 23-48-603, hereinafter sometimes referred to as “dissenting shares”, shall automatically vest in the bank holding company as the acquiring person without any physical transfer or deposit of certificates representing the shares.  (3) All dissenting shares shall be considered authorized but no longer outstanding shares of the state bank and may be disposed of in accordance with the provisions of the plan of exchange or as otherwise approved by the commissioner.    (b)  (1) Certificates representing shares acquired in the plan of exchange of the state bank prior to the plan of exchange's becoming effective, except certificates representing dissenting shares, shall represent, after the plan of exchange becomes effective:  (A) Shares of the capital stock or other securities of the bank holding company to be issued in exchange for shares of the state bank; and  (B) The right, if any, to receive cash or other consideration upon terms specified in the plan of exchange.    (2) However, the plan of exchange may specify that all such certificates shall represent, after the plan of exchange becomes effective, only the right to receive shares of stock or other securities issued by the bank holding company, cash, or a combination thereof upon such terms as specified in the plan of exchange.
AR Code § 23-48-605 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 6 - Reorganization Through Plan of Exchange|§ 23-48-605. State bank and holding company to remain separate — Nonliability of directors, officers, etc

 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.
AR Code § 23-48-701 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 7 - Branch Offices|§ 23-48-701. Definitions

 As used in this subchapter:   (1)  (A) “Full service branch” means a banking facility separate from the main office of the bank at which all lawful banking activities may be conducted as fully as in the main office.  (B) “Full service branch” includes a mobile facility that:  (i) Conducts banking business within the same county as the main office or another full service branch of the bank;  (ii) Does not have a single, permanent site;  (iii) Does not remain within five (5) miles of any banking location for more than two (2) business days;  (iv) Travels to various locations within the county to enable customers to conduct banking business; and  (v) Maintains a log of operations indicating the date and specific location of each stop;      (2) “Healthy bank” means a state bank whose financial condition satisfies the criteria established by State Bank Department rule; and  (3) “Supervisory banking authority” means the Bank Commissioner for state banks and the United States Comptroller of the Currency for national banks.
AR Code § 23-48-704 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 7 - Branch Offices|§ 23-48-704. Preexisting facilities

 Any bank may, at its option, operate any branch office, teller's window, or other banking facility which is separate from the main office of the bank and in operation on June 30, 1988, as a full-service branch or a customer-bank communications terminal.
AR Code § 23-48-705 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 7 - Branch Offices|§ 23-48-705. Notice of termination of full-service branch

 When a full-service branch has once been established under any provision of this subchapter or any prior act, the operation thereof shall not be discontinued or the facility closed unless ninety (90) days' prior notice of intention to terminate the operation is given in writing to the supervisory banking authority.
AR Code § 23-48-801 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 8 - Customer-Bank Communication Terminals|§ 23-48-801. Definitions

 As used in this subchapter, unless the context otherwise requires:   (1)  (A) “Customer-bank communication terminal”, or “CBCT”, means any electronic device or facility, other than a point-of-sale terminal, together with all associated equipment, structures, and systems, through or by means of which a customer and a bank may engage in any banking transaction, whether transmitted to the banking institution instantaneously or otherwise. This definition specifically includes automatic teller machines.  (B) Banking transactions include, without limitation, the receipt of deposits of every kind, the receipt and dispensing of cash, requests to withdraw money from an account or pursuant to an authorized line of credit, receiving payments payable at the bank or otherwise, and transmitting instructions to receive, transfer, or pay funds for a customer's benefit.  (C) However, nothing in this subdivision (1) shall be deemed to apply to devices used by banks to effect transactions of any nature with other banks;    (2) “Point-of-sale terminal” means electronic or mechanical equipment located in nonbank business outlets to record or execute, directly with a bank, transactions occurring as a result of the sale of goods or services, provided the equipment neither dispenses cash nor accepts deposits. For purposes of this definition, the crediting of an account for merchandise returned or for services previously provided shall not be considered as an acceptance of a deposit; and  (3) “Supervisory banking authority” means the Bank Commissioner and the State Banking Board for state banks and the United States Comptroller of the Currency for national banks.
AR Code § 23-48-802 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 8 - Customer-Bank Communication Terminals|§ 23-48-802. Location of customer-bank communication terminals

 A bank, individually or jointly with one (1) or more other banks in the state, may establish, maintain, and use one (1) or more customer-bank communication terminals anywhere in this state and in any location in any one (1) or more other states if permitted by the applicable law of the other state.
AR Code § 23-48-803 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 8 - Customer-Bank Communication Terminals|§ 23-48-803. Notice of establishment of terminal

 (a) As to any and each customer-bank communication terminal which a state bank proposes to establish, the state bank shall notify the Bank Commissioner of the establishment and location of the terminal.  (b) No notice need be given for any device or machine which:  (1) Is used solely to verify a customer's credit for purposes of check cashing or of a credit card transaction; or  (2) Is a part of a bank's authorized main office or branch.    (c) No hearing or permit shall be required to establish or use a customer-bank communication terminal.
AR Code § 23-48-804 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 8 - Customer-Bank Communication Terminals|§ 23-48-804. Out-of-state banks

 (a) Any out-of-state bank may establish, maintain, and operate a customer-bank communication terminal anywhere in this state.  (b)  (1) Out-of-state state-chartered banks other than registered out-of-state banks shall file the notice set forth in § 23-48-803 with the Bank Commissioner.  (2) Registered out-of-state banks shall satisfy all filing requirements under the regulations of their home state regulator concerning the establishment, maintenance, and operations of out-of-state customer-bank communication terminals.    (c) Nothing in this section shall limit, restrict, or prohibit any Federal Reserve Bank or branch thereof from operating any electronic funds transfer system in this state.
AR Code § 23-48-805 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 8 - Customer-Bank Communication Terminals|§ 23-48-805. Point-of-sale terminals not subject to regulation by Bank Commissioner

 A point-of-sale terminal, as defined in this subchapter, shall not be subject to the regulation or supervision of the Bank Commissioner.
AR Code § 23-48-806 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 8 - Customer-Bank Communication Terminals|§ 23-48-806. Interconnected terminals

 (a) In order to permit the transaction of any banking function authorized under this subchapter between a bank and its customers, any bank, pursuant to the provisions of this subchapter, may be interconnected with:  (1) One (1) or more customer-bank communication terminals, including out-of-state customer-bank communication terminals, established by one (1) or more other banks; and  (2) One (1) or more electronic funds transfer systems or computer systems, regardless of the location of the banks, customer-bank communication terminals, electronic funds transfer systems, or computer systems.    (b) However, nothing in this section shall be construed as permitting any out-of-state bank, other than a registered out-of-state bank, to conduct banking business in this state unless expressly permitted by the Arkansas Banking Code of 1997.
AR Code § 23-48-807 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 8 - Customer-Bank Communication Terminals|§ 23-48-807. Persons attending terminals — Verification of transactions

 (a)  (1) Except for customer-bank communication terminals located on the premises of the main office or a branch of a bank, a customer-bank communication terminal shall be unattended or attended by persons not employed by the bank utilizing the customer-bank communication terminal.  (2) However, employees or agents of the bank or its agents may install, maintain, repair, and service the terminal and, for a reasonable period of time after the opening of the terminal, may provide an employee to instruct and assist customers in the operation of the terminal.    (b) All transactions initiated through a customer-bank communication terminal shall be subject to verification by the bank, either by direct wire transmission or otherwise.
AR Code § 23-48-808 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 8 - Customer-Bank Communication Terminals|§ 23-48-808. Privacy of account information

 A bank using customer-bank communication terminals shall establish and maintain reasonable safeguards designed to protect the privacy and confidentiality of account information.
AR Code § 23-48-809 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 8 - Customer-Bank Communication Terminals|§ 23-48-809. Approval for expanded powers of state banks

 At such time as national banks having their main offices in this state are permitted to establish and use customer-bank communication terminals in places or for transactions not permitted under this subchapter, all state banks shall have the powers permitted national banks with respect to the establishment and use of customer-bank communication terminals, provided that the Bank Commissioner authorizes such use.
AR Code § 23-48-810 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 8 - Customer-Bank Communication Terminals|§ 23-48-810. Sharing of communication terminals — Definitions

 (a)  (1) An agreement to share a customer-bank communication terminal shall not prohibit, limit, or restrict the right of a bank from charging a customer-bank communication terminal usage fee.  (2) The usage fee may be imposed only if imposition of the usage fee is disclosed at a time and in a manner that allows a user to terminate or cancel the transaction without incurring the usage fee.    (b)  (1) For purposes of this section, “usage fee” is a fee charged by a customer-bank communication terminal owner on transactions by a holder of a foreign bank card.  (2) For purposes of this section, a “foreign bank card” is a card eligible for use in a customer-bank communication terminal, which card is not issued by the customer-bank communication terminal owner.
AR Code § 23-48-902 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 9 - Interstate Bank Mergers and Branching|§ 23-48-902. Authority of state banks to establish interstate branches by merger

 (a) With the prior approval of the State Banking Board and the Bank Commissioner, a state bank may establish, maintain, and operate one (1) or more branches in one (1) or more states other than Arkansas pursuant to an interstate merger transaction in which the state bank is the resulting bank.  (b) Not later than the date on which the required application for the interstate merger transaction is filed with the responsible federal bank supervisory agency, the applicant state bank shall file an application on a form prescribed by the commissioner and pay the fee prescribed by § 23-46-404. The applicant shall also comply with the applicable provisions of § 23-48-501 et seq.  (c)  (1) If the board and commissioner, after a hearing, find that:  (A) The proposed merger provides adequate capital structure;  (B) The terms of the merger agreement are fair;  (C) The merger is not contrary to the public interest;  (D) The proposed merger adequately provides for dissenters' rights; and  (E) The requirements of all applicable state and federal laws have been complied with,    (2) An interstate merger transaction may be consummated only after the applicant has received the written approval of the board and the commissioner.      then the board and the commissioner shall approve the interstate merger transaction and the operation of branches outside of Arkansas by the state bank.
AR Code § 23-48-903 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 9 - Interstate Bank Mergers and Branching|§ 23-48-903. Interstate merger transactions and branching permitted

 One (1) or more Arkansas banks, provided no such Arkansas bank has a de novo charter, may enter into an interstate merger transaction with one (1) or more out-of-state banks under this subchapter in which the out-of-state bank is the resulting bank, and the out-of-state bank may thereafter maintain and operate the branches in Arkansas of any Arkansas bank that was a party to the interstate merger transaction, provided that the conditions and filing requirements of § 23-48-1001 et seq. are met.
AR Code § 23-48-905 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 9 - Interstate Bank Mergers and Branching|§ 23-48-905. Notice and filing requirements

 (a) Any out-of-state bank that will be the resulting bank pursuant to an interstate merger transaction involving a state bank shall notify the Bank Commissioner of the proposed merger not later than the date on which it files an application for an interstate merger transaction with the responsible federal bank supervisory agency and shall submit a copy of that application to the commissioner and pay the filing fee, if any, required by the commissioner.  (b) Any state bank which is a party to the interstate merger transaction shall comply with § 23-48-501 et seq. and with all other applicable state and federal laws.  (c) Any out-of-state bank which shall be the resulting bank in such an interstate merger transaction shall comply with applicable requirements of § 23-48-1001 et seq.
AR Code § 23-48-906 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 9 - Interstate Bank Mergers and Branching|§ 23-48-906. Powers — Additional branches

 (a) An out-of-state state-chartered bank which establishes and maintains one (1) or more branches in Arkansas under this subchapter may conduct any activities at such branch or branches which are authorized under the laws of Arkansas for state banks.  (b) A state bank may conduct any activities at any branch outside Arkansas which are permissible for a bank chartered by the host state in which the branch is located, provided that the Bank Commissioner may prohibit any state bank from engaging in any activity not expressly allowed by the Arkansas Banking Code of 1997 if the commissioner determines, by order or rule, that the involvement of out-of-state branches of state banks in such activities would threaten the safety or soundness of state banks.
AR Code § 23-48-908 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 9 - Interstate Bank Mergers and Branching|§ 23-48-908. Enforcement

 If the Bank Commissioner determines that a branch maintained by an out-of-state state-chartered bank in Arkansas is being operated in violation of any provision of the laws of Arkansas, or that the branch is being operated in an unsafe or unsound manner, the commissioner shall have the authority to take all such enforcement actions as he or she would be empowered to take if the branch were a state bank, provided, that the commissioner shall promptly give notice to the home-state regulator of each enforcement action taken against an out-of-state state-chartered bank and, to the extent practicable, shall consult and cooperate with the home-state regulator in pursuing and resolving the enforcement action.
AR Code § 23-48-909 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 9 - Interstate Bank Mergers and Branching|§ 23-48-909. Rules

 The Bank Commissioner, with the approval of the State Banking Board, may promulgate rules that he or she determines to be necessary or appropriate in order to implement the provisions of this subchapter.
AR Code § 23-48-910 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 9 - Interstate Bank Mergers and Branching|§ 23-48-910. Notice of subsequent merger

 Each registered out-of-state bank that has established and maintains a branch in this state pursuant to this subchapter shall give at least thirty (30) days' prior written notice or, in the case of an emergency transaction, shorter notice that is consistent with applicable state or federal law, to the Bank Commissioner of any merger, consolidation, or other transaction that would cause a change of control with respect to the bank or any bank holding company that controls the bank, which requires that an application be filed pursuant to the Change in Bank Control Act of 1978, 12 U.S.C. § 1817(j), or the Bank Holding Company Act of 1956, 12 U.S.C. § 1841 et seq., or any successor statutes thereto.
AR Code § 23-48-911 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 9 - Interstate Bank Mergers and Branching|§ 23-48-911. Severability

 If any provision of this subchapter or the application of any such provision is found by any court of competent jurisdiction in the United States to be invalid as to any bank, bank holding company, foreign bank, or other person or circumstances, or to be superseded by federal law, the remaining provisions hereof shall not be affected and shall continue to apply to any bank, bank holding company, foreign bank, or other person or circumstance.
AR Code § 23-48-1001 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 48 - Organization and Operation|Subchapter 10 - Registration of Out-of-State Banks|§ 23-48-1001. Application for certificate of authority

 (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 the Bank Commissioner for filing by the consummation of an interstate merger transaction or before establishment of a full-service branch. The application shall state:  (1) The name of the bank;  (2) The name of the state or country under whose law it is chartered;  (3) Its date of formation and period of duration;  (4) The street address of its principal office;  (5) The address of its registered office in this state and the name of its registered agent at that office; and  (6) The number and par value, if any, of shares of the bank's capital stock owned or to be owned by residents of this state.    (b) The bank shall deliver with the completed application a certificate of existence, or a document of similar import, duly authenticated by the bank supervisory agency which chartered the bank or other official having custody of the corporate records of banking institutions in the state or country under whose law it is chartered.