reglab/housing_qa huggingface dataset:
AR Code § 23-46-602 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 46 - State Bank Department and State Banking Board|Subchapter 6 - Examination of Technology Service Providers Act|§ 23-46-602. Definitions

 As used in this subchapter:   (1) “Bank supervisory agency” means the same as defined in § 23-45-102;  (2)  (A) “Covered service” means a service provided by a technology service provider to a depository institution in this state to the extent that the service is designed and marketed specifically for use by depository institutions to provide financial services to their customers.  (B) “Covered service” includes:  (i) Data processing services;  (ii) Activities that support financial services, including without limitation lending, funds transfer, fiduciary activities, trading activities, and deposit-taking;  (iii) Internet-related services, including without limitation web services, electronic bill payments, mobile applications, system and software development and maintenance, and security monitoring; and  (iv) Activities related to the business of banking;      (3) “Depository institution” means an entity or financial institution as defined in § 23-45-102(a)(19) or § 23-45-102(a)(21), including any subsidiary or affiliate of the depository institution that is subject to examination by the Bank Commissioner;  (4) “Internet service provider” means any provider that provides a subscriber with access to the internet; and  (5)  (A) “Technology service provider” means a person, company, corporation, or other legal entity that provides a covered service.  (B) “Technology service provider” does not mean:  (i) An internet service provider or a general audience internet platform;  (ii) A person, company, corporation, or other legal entity licensed under the Uniform Money Services Act, § 23-55-101 et seq.; or  (iii) An authorized delegate of a licensee under the Uniform Money Services Act, § 23-55-101 et seq.
AR Code § 23-46-603 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 46 - State Bank Department and State Banking Board|Subchapter 6 - Examination of Technology Service Providers Act|§ 23-46-603. Technology service providers subject to examination by Bank Commissioner

 When a depository institution receives a covered service, by contract or otherwise, the performance of that service by a technology service provider to the depository institution is subject to examination by the Bank Commissioner to the same extent as if the covered service were performed by the depository institution itself.
AR Code § 23-46-604 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 46 - State Bank Department and State Banking Board|Subchapter 6 - Examination of Technology Service Providers Act|§ 23-46-604. Authorization for agreements with bank supervisory agencies regarding use of examiners

 The Bank Commissioner may enter into agreements with any bank supervisory agency that has jurisdiction over a technology service provider to:   (1) Engage the services of the bank supervisory agency's examiners at a reasonable rate of compensation; or  (2) Provide the services of the State Bank Department's examiners to the bank supervisory agency at a reasonable rate of compensation.
AR Code § 23-46-605 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 46 - State Bank Department and State Banking Board|Subchapter 6 - Examination of Technology Service Providers Act|§ 23-46-605. Authorization for joint examinations or joint enforcement actions with bank supervisory agencies

 The Bank Commissioner may enter into joint examinations or joint enforcement actions with a bank supervisory agency having jurisdiction over a technology service provider.
AR Code § 23-46-606 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 46 - State Bank Department and State Banking Board|Subchapter 6 - Examination of Technology Service Providers Act|§ 23-46-606. Acceptance of examinations from bank supervisory agency

 The Bank Commissioner may accept an examination that is conducted by a bank supervisory agency that has jurisdiction over a technology service provider as a substitution for an examination under this subchapter.
AR Code § 23-46-607 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 46 - State Bank Department and State Banking Board|Subchapter 6 - Examination of Technology Service Providers Act|§ 23-46-607. Enforcement — Rules

 The Bank Commissioner may by rule:   (1) Adopt additional procedures to implement this subchapter; and  (2) Impose sanctions under § 23-46-205 for violations of this subchapter by a technology service provider if the commissioner considers the enforcement action to be necessary or appropriate to enforce this subchapter and ensure compliance with the laws of this state.
AR Code § 23-47-102 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 47 - Bank Powers — Subsidiaries|Subchapter 1 - Powers Generally|§ 23-47-102. Acquisition and disposition of own stock

 (a) No state bank shall be the purchaser or holder of its own capital stock, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith.  (b) Stock so purchased or acquired shall be sold or disposed of as expeditiously as possible within twenty-four (24) months of its purchase or acquisition. After the expiration of twenty-four (24) months, any such stock shall not be considered as part of the assets of the state bank.  (c) This section does not apply to:  (1) The payment by a state bank of the value of shares held by shareholders dissenting from any proposed merger, consolidation, purchase or assumption, or other reorganization involving a plan of exchange of any of the stock of the state bank, who perfect their statutory rights as dissenting shareholders; or  (2) The repurchase by a state bank of its shares of capital stock if the state bank is required to file reports under section 13 or section 15(d) of the Securities Exchange Act of 1934, 15 U.S.C. § 78a et seq., as it existed on January 1, 2017, or has a class of equity securities registered under section 12(b) or section 12(g) of the Securities Exchange Act of 1934, 15 U.S.C. § 78a et seq., as it existed on January 1, 2017, when the terms of the repurchase, or any repurchase plan or program, has been approved by the Bank Commissioner.
AR Code § 23-47-103 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 47 - Bank Powers — Subsidiaries|Subchapter 1 - Powers Generally|§ 23-47-103. Acquisition of bank premises

 (a) A state bank or subsidiary trust company, acting with the prior approval of the Bank Commissioner, may acquire bank premises to be used, occupied, or owned by it.  (b)  (1) Any state bank acting with the prior approval of the commissioner may cause the title to its bank premises, now owned or at any time hereafter acquired by the bank to be held by a subsidiary corporation which shall be wholly owned by the bank.  (2) A state bank having such a subsidiary may rent the bank premises or any portion thereof from the subsidiary or acquire the title to the premises by purchase from the subsidiary or through its liquidation under such terms and conditions as may be approved by the commissioner.    (c) A state bank may with the prior approval of the commissioner invest in bank premises or in the stock, bonds, debentures, or other obligations of the subsidiary owning the bank premises, or make loans to, or upon the security of the stock of the subsidiary, if the aggregate of all such investments or loans, together with the amount of any indebtedness incurred by the subsidiary, will not exceed one hundred fifty percent (150%) of the capital base of the state bank.
AR Code § 23-47-104 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 47 - Bank Powers — Subsidiaries|Subchapter 1 - Powers Generally|§ 23-47-104. Prohibition on engaging in business as real estate salespersons or brokers

 Banks, bank holding companies, and subsidiaries of banks or bank holding companies may not engage in business as real estate salespersons or brokers.
AR Code § 23-47-201 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 47 - Bank Powers — Subsidiaries|Subchapter 2 - Deposits|§ 23-47-201. Notice of rules governing deposits

 (a)  (1) Banks shall have the power to make rules governing deposits, including provisions for reasonable notice, not to exceed ninety (90) days, for the withdrawal of deposits and for changes in or amendments to those rules to be made by the bank without approval of the depositor.  (2) Notice of the rules and all changes therein shall be given to each customer whose deposits are affected by the rules, either by delivery or mailing of a copy to the customer or by posting them in a conspicuous area in the main office and in all branch offices of the bank.  (3) If the rules are stated on a signature card or other document signed by the customer, the bank shall be deemed to have given notice of the rules for purposes of this provision even if the signature card or document is returned to the bank.    (b) Rules so made shall be a valid contract between the depositor and the bank, subject to the right of the bank to change or amend the rules in the manner provided in the rules.
AR Code § 23-47-202 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 47 - Bank Powers — Subsidiaries|Subchapter 2 - Deposits|§ 23-47-202. Deposits by minors

 When any deposit is made in any bank by a minor, the bank may pay to the depositor the sums due him or her and the receipt or check of the minor shall be, in all respects, valid in law.
AR Code § 23-47-205 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 47 - Bank Powers — Subsidiaries|Subchapter 2 - Deposits|§ 23-47-205. Adverse claim to deposit

 Notice to a bank of an adverse claim to a deposit standing on its books to the credit of any person shall not be sufficient to require the bank to pay the deposit to the adverse claimant or otherwise recognize the adverse claim unless the adverse claimant also:   (1) Procures a restraining order, injunction, or other appropriate process, which has become final and not further appealable, against the bank from a court of competent jurisdiction in a cause therein instituted by him or her wherein the person to whose credit the deposit stands is made a party and served with summons; or  (2) Executes to the bank, in form and with sureties acceptable to it, a bond indemnifying the bank from any and all liability, loss, damage, costs, and expenses for and on account of the payment of the adverse claim or the dishonor of the check or other order of the person to whose credit the deposit stands on the books of the bank.
AR Code § 23-47-206 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 47 - Bank Powers — Subsidiaries|Subchapter 2 - Deposits|§ 23-47-206. Settlement of checks at par — Exception

 (a) No state bank shall settle any check drawn on it against an account with a sufficient balance otherwise than at par.  (b) However, the provisions of this section shall not apply with respect to the settlement of a check sent to a state bank for special handling or as a special collection item.
AR Code § 23-47-207 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 47 - Bank Powers — Subsidiaries|Subchapter 2 - Deposits|§ 23-47-207. Payment of overdrafts — Liability of officer or employee

 (a) Any officer or employee who knowingly pays out the funds of any state bank upon the check, order, or draft of any individual, firm, corporation, or association which does not have on deposit with the bank a sum equal to the check, order, or draft is personally liable to it for the amount so paid unless the drawer of the check, order, or draft has previously arranged with the bank for a line of credit sufficient to cover the payment or unless the payment was made pursuant to a general authorization approved by the board of directors for the officer or employee to cover the payment.  (b) However, the board of directors may ratify the overdraft and relieve the employee from liability.
AR Code § 23-47-208 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 47 - Bank Powers — Subsidiaries|Subchapter 2 - Deposits|§ 23-47-208. Deferred income investment accounts

 (a) On behalf of depositors, state banks may create and open deferred income investment accounts of the following types:  (1) The depositor makes a deposit of a lump sum, and the bank agrees to pay the depositor an agreed monthly or annual payment for life or for a term certain beginning immediately or at some time in the future; and  (2) The depositor makes a deposit periodically on an agreed basis, and the bank agrees to pay the depositor, on a periodic basis beginning at some time in the future for life or a term certain, an agreed monthly or annual payment.    (b) The depositor and the state bank may agree that:  (1) A partial refund of the deposit may occur upon specified events, or no refund may occur;  (2) The depositor may elect to stop payments from the bank for a term;  (3) The payments may go to designated beneficiaries in all cases both before and after death of the depositor;  (4) The amount of the payments to the bank and to the depositor will be fixed for the term agreed upon; or  (5) The payment to the depositor will be determined by an index or criteria beyond the control of the depositor or bank.    (c) The Bank Commissioner shall promulgate such rules as may be necessary and proper to carry out the intent and purpose of this section and to issue cease and desist orders to any state bank found to be violating this section or State Bank Department rules. These department rules shall incorporate §§ 23-81-121 — 23-81-128, where applicable.  (d) The deferred income investment accounts allowed in this section shall be exempt from §§ 23-42-501 and 23-42-502.  (e) It is the intent of this section that distributions from deferred income investment accounts be treated as nontaxable to the greatest extent possible under section 72 of the Internal Revenue Code of 1986.
AR Code § 23-47-209 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 47 - Bank Powers — Subsidiaries|Subchapter 2 - Deposits|§ 23-47-209. Savings promotion raffle — Definitions

 (a) As used in this section:  (1)  (A) “Financial institution” means a banking institution that may accept deposits from depositors under any state or federal law, the accounts of which are insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration, and is a state or federally regulated institution.  (B) “Financial institution” includes without limitation:  (i) A state bank regulated by the State Bank Department or similar state regulator in the domicile of the state bank;  (ii) A national bank or association;  (iii) A state or federal savings and loan association;  (iv) A mutual savings bank;  (v) A state or federal credit union; and  (vi) A community or rural development bank;      (2) “Savings promotion deposit” means the specified amount of moneys required by a depositor to be deposited into a savings account to be entered in a savings promotion raffle; and  (3) “Savings promotion raffle” means a raffle conducted by a financial institution in which the sole consideration required for a chance of winning designated prizes is the deposit of at least a specified amount of moneys into a savings account or other savings program offered by the financial institution.    (b) A financial institution may conduct a savings promotion raffle for depositors who make a savings promotion deposit into a savings account of the financial institution.  (c) A savings promotion raffle shall be conducted so that each savings promotion deposit provides a depositor with an equal chance of winning a prize as designated by the financial institution.
AR Code § 23-47-301 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 47 - Bank Powers — Subsidiaries|Subchapter 3 - Agency Designation on Certificates of Deposit|§ 23-47-301. Definitions

 In this subchapter:   (1) “Account” means a contract of deposit between a depositor and a bank, and includes a checking account, savings account, and certificate of deposit;  (2) “Agent” means a person authorized to make account transactions for a party;  (3) “Beneficiary” means a person named as one (1) to whom sums on deposit in an account are payable on request after the death of all parties or for whom a party is named as trustee;  (4) “Devisee” means any person designated in a will to receive a testamentary disposition of real or personal property;  (5) “Party” means a person who, by the terms of an account, has a present right, subject to request, to payment from the account other than as a beneficiary or agent;  (6) “Payment” of sums on deposit includes withdrawal, payment to a party or third person pursuant to check or other request, and a pledge of sums on deposit by a party, or a setoff, reduction, or other disposition of all or part of an account pursuant to a pledge; and  (7) “Personal representative” includes an executor, administrator, successor personal representative, special administrator, and persons who perform substantially the same function under the law governing their status.
AR Code § 23-47-302 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 47 - Bank Powers — Subsidiaries|Subchapter 3 - Agency Designation on Certificates of Deposit|§ 23-47-302. Scope of subchapter

 (a) This subchapter applies to accounts in this state.  (b) This subchapter does not apply to:  (1) An account established for a partnership, joint venture, or other organization for a business purpose;  (2) An account controlled by one (1) or more persons as an agent or trustee for a corporation, unincorporated association, or charitable or civic organization; or  (3) A fiduciary or trust account in which the relationship is established other than by the terms of the account.
AR Code § 23-47-303 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 47 - Bank Powers — Subsidiaries|Subchapter 3 - Agency Designation on Certificates of Deposit|§ 23-47-303. Forms

 A contract of deposit that substantially contains the following form establishes an agency account, and the account is governed by the provisions of this subchapter applicable to agency accounts:   “AGENCY (POWER OF ATTORNEY) DESIGNATION Agents may make account transactions for parties but have no ownership or rights at death unless named as POD beneficiaries. [To Add Agency Designation To Account, Name One Or More Agents]. [Select One and Initial]: AGENCY DESIGNATION SURVIVES DISABILITY OR INCAPACITY OF PARTIES AGENCY DESIGNATION TERMINATES ON DISABILITY OR INCAPACITY OF PARTIES”   Click to view form.
AR Code § 23-47-304 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 47 - Bank Powers — Subsidiaries|Subchapter 3 - Agency Designation on Certificates of Deposit|§ 23-47-304. Designation of agent

 (a) Unless the terms of an agency designation provide that the authority of the agent terminates on disability or incapacity of a party, the agent's authority survives disability and incapacity. The agent may act for a disabled or incapacitated party until the authority of the agent is terminated.  (b) Death of the sole party or last surviving party terminates the authority of an agent.  (c) An agent in an account with an agency designation has no beneficial right to sums on deposit.
AR Code § 23-47-305 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 47 - Bank Powers — Subsidiaries|Subchapter 3 - Agency Designation on Certificates of Deposit|§ 23-47-305. Payment to designated agent

 On request of an agent under an agency designation for an account, a bank may, unless it actually knows that the authority of agency has terminated, pay to the agent sums on deposit in the account.
AR Code § 23-47-306 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 47 - Bank Powers — Subsidiaries|Subchapter 3 - Agency Designation on Certificates of Deposit|§ 23-47-306. Payment to minor

 If a bank is required or permitted to make payment pursuant to this subchapter to a minor designated as a beneficiary, payment may be made pursuant to the Arkansas Uniform Transfers to Minors Act, § 9-26-201 et seq.
AR Code § 23-47-307 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 47 - Bank Powers — Subsidiaries|Subchapter 3 - Agency Designation on Certificates of Deposit|§ 23-47-307. Discharge

 (a)  (1) Payment made pursuant to this subchapter in accordance with an agency account discharges the bank from all claims for amounts so paid, whether or not the payment is consistent with the beneficial ownership of the account as between parties, beneficiaries, or their successors.  (2) Payment may be made whether or not a party, beneficiary, or agent is disabled, incapacitated, or deceased when payment is requested, received, or made.    (b)  (1) Protection under this section does not extend to payments made after a bank has received written notice from a party, or from the personal representative, surviving spouse, or heir or devisee of a deceased party, to the effect that payments in accordance with the terms of the agency account should not be permitted and the bank has had a reasonable opportunity to act on it when payment is made.  (2) Unless the notice is withdrawn by the person giving it, the successor of any deceased party must concur in a request for payment if the bank is to be protected under this section.  (3) Unless a bank has been served with process in an action or proceeding, no other notice or other information shown to have been available to the bank affects its right to protection under this section.    (c) A bank that receives written notice pursuant to this section or otherwise that has reason to believe that a dispute exists as to the rights of the parties may refuse, without liability, to make payments in accordance with the terms of the agency account.  (d) Protection of a bank under this section does not affect the rights of parties in disputes between themselves or their successors concerning the beneficial ownership of sums on deposit in agency accounts or payments made from agency accounts.