reglab/housing_qa huggingface dataset:
AR Code § 23-48-1002 (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|§ 23-48-1002. Amended certificate of authority

 (a) A registered out-of-state bank shall apply for an amended certificate of authority from the Bank Commissioner if it changes:  (1) The name of the bank;  (2) The period of its duration; or  (3) The state or country under which it is chartered.    (b) The requirements of § 23-48-1001 for applying for an original certificate of authority shall also apply to applications for obtaining an amended certificate of authority hereunder.
AR Code § 23-48-1003 (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|§ 23-48-1003. Effect of certificate of authority

 (a) A certificate of authority authorizes the out-of-state bank to which it is issued to transact business in this state subject, however, to the right of the state to revoke the certificate as provided in this chapter.  (b) An out-of-state bank with a valid certificate of authority has the same but no greater rights and has the same but no greater privileges as, and except as otherwise provided by this chapter, is subject to the same duties, restrictions, penalties, and liabilities now or later imposed on, a state bank of like character.  (c) This chapter does not authorize this state to regulate corporate governance matters of an out-of-state bank authorized to transact business in this state.
AR Code § 23-48-1004 (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|§ 23-48-1004. Registered office and registered agent of out-of-state bank

 Each registered out-of-state bank must continuously maintain in this state:   (1) A registered office that may be the same as any of its places of business; and  (2) A registered agent, who may be:  (A) An individual who resides in this state and whose business office is identical with the registered office;  (B) A state bank, domestic corporation, or not-for-profit corporation whose business office is identical with the registered office; or  (C) A foreign corporation or foreign not-for-profit corporation authorized to transact business in this state whose business office is identical with the registered office.
AR Code § 23-48-1005 (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|§ 23-48-1005. Change of registered office or registered agent of out-of-state bank

 (a) A registered out-of-state bank may change its registered office or registered agent by delivering to the Bank Commissioner for filing a statement of change that sets forth:  (1) Its name;  (2) The street address of its current registered office;  (3) If the current registered office is to be changed, the street address of its new registered office;  (4) The name of its current registered agent;  (5) If the current registered agent is to be changed, the name of its new registered agent and the new agent's written consent, either on the statement or attached to it, to the appointment; and  (6) That after the change or changes are made, the street addresses of its registered office and the business office of its registered agent will be identical.    (b) If a registered agent changes the street address of his or her business office, he or she may change the street address of the registered office of any out-of-state bank for which he or she is the registered agent by notifying the bank in writing of the change and signing, either manually or in facsimile, and delivering to the commissioner for filing a statement of change that complies with the requirements of subsection (a) of this section and recites that the bank has been notified of the change.
AR Code § 23-48-1006 (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|§ 23-48-1006. Resignation of registered agent of out-of-state bank

 (a) The registered agent of an out-of-state bank may resign his or her agency appointment by signing and delivering to the Bank Commissioner for filing the original and two (2) exact or conformed copies of a statement of resignation. The statement of resignation may include a statement that the registered office is also discontinued.  (b) After filing the statement, the commissioner shall attach the filing receipt to one (1) copy and mail the copy and receipt to the registered office if not discontinued. The commissioner shall mail the other copy to the out-of-state bank at its principal office address shown in its most recent annual franchise tax report.  (c) The agency appointment is terminated, and the registered office discontinued if so provided, on the thirty-first day after the date on which the statement was filed.
AR Code § 23-48-1007 (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|§ 23-48-1007. Service on out-of-state banks

 (a) The registered agent of a registered out-of-state bank is the bank's agent for service of process, notice, or demand required or permitted by law to be served on the out-of-state bank.  (b) A registered out-of-state bank may be served by registered or certified mail, return receipt requested, addressed to the secretary or cashier of the out-of-state bank at its principal office shown in its application for a certificate of authority or in its most recent annual franchise tax report if the out-of-state bank:  (1) Has no registered agent or its registered agent cannot with reasonable diligence be served;  (2) Has withdrawn from transacting business in this state under § 23-48-1008; or  (3) Has had its certificate of authority revoked under § 23-48-1010.    (c) Service is perfected under subsection (b) of this section at the earliest of:  (1) The date the out-of-state bank receives the mail;  (2) The date shown on the return receipt, if signed on behalf of the out-of-state bank; or  (3) Five (5) days after its deposit in the United States mail, as evidenced by the postmark, if mailed postpaid and correctly addressed.    (d) This section does not prescribe the only means, or necessarily the required means, of serving a registered out-of-state bank.
AR Code § 23-48-1008 (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|§ 23-48-1008. Withdrawal of out-of-state bank

 (a) A registered out-of-state bank may not withdraw from this state until it obtains a certificate of withdrawal from the Bank Commissioner.  (b) A registered out-of-state bank may apply for a certificate of withdrawal by delivering an application to the commissioner for filing. The application must set forth:  (1) The name of the out-of-state bank and the name of the state or country under whose law it is chartered;  (2) That it is not transacting business in this state and that it surrenders its authority to transact business in this state;  (3) That it revokes the authority of its registered agent to accept service on its behalf and appoints the commissioner as its agent for service of process in any proceeding based on a cause of action arising during the time it was authorized to transact business in this state;  (4) A mailing address to which the commissioner may mail a copy of any process served on him or her under subdivision (b)(3) of this section; and  (5) A commitment to notify the commissioner in the future of any change in its mailing address for a period of time to be determined by the commissioner.    (c) After the withdrawal of the bank is effective, service of process on the commissioner under this section is service on the out-of-state bank. Upon receipt of process, the commissioner shall mail a copy of the process to the out-of-state bank at the mailing address set forth under subsection (b) of this section.
AR Code § 23-48-1009 (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|§ 23-48-1009. Grounds for revocation. [Effective until May 1, 2021.]

 The Bank Commissioner may commence a proceeding under § 23-48-1010 to revoke the certificate of authority of a registered out-of-state bank if:   (1) The out-of-state bank does not deliver its annual franchise tax report to the Secretary of State within sixty (60) days after it is due;  (2) The out-of-state bank does not pay within sixty (60) days after they are due any franchise taxes or penalties imposed by this chapter or other law;  (3) The out-of-state bank is without a registered agent or registered office in this state for sixty (60) days or more;  (4) The out-of-state bank does not inform the commissioner under § 23-48-1005 or § 23-48-1006 that its registered agent or registered office has changed, that its registered agent has resigned, or that its registered office has been discontinued within sixty (60) days of the change, resignation, or discontinuance;  (5) The out-of-state bank or an officer, director, or employee thereof is found to be violating federal banking laws or regulations, violating the banking laws of this state or department rules, violating any regulatory agreement, or jeopardizing the safety and soundness of the out-of-state bank;  (6) An incorporator, director, officer, or agent of the out-of-state bank signed a document he or she knew was false in any material respect with intent that the document be delivered to the commissioner for filing; or  (7) The commissioner receives a duly authenticated certificate from the bank supervisory agency or other official having custody of the corporate records of banking institutions in the state or country under whose law the out-of-state bank is chartered stating that it has been dissolved or disappeared as the result of a merger.
AR Code § 23-48-1009 (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|§ 23-48-1009. Grounds for revocation. [Effective May 1, 2021.]

 The Bank Commissioner may commence a proceeding under § 23-48-1010 to revoke the certificate of authority of a registered out-of-state bank if:   (1) The out-of-state bank does not deliver its annual franchise tax report to the Department of Finance and Administration within sixty (60) days after it is due;  (2) The out-of-state bank does not pay within sixty (60) days after they are due any franchise taxes or penalties imposed by this chapter or other law;  (3) The out-of-state bank is without a registered agent or registered office in this state for sixty (60) days or more;  (4) The out-of-state bank does not inform the commissioner under § 23-48-1005 or § 23-48-1006 that its registered agent or registered office has changed, that its registered agent has resigned, or that its registered office has been discontinued within sixty (60) days of the change, resignation, or discontinuance;  (5) The out-of-state bank or an officer, director, or employee thereof is found to be violating federal banking laws or regulations, violating the banking laws of this state or department rules, violating any regulatory agreement, or jeopardizing the safety and soundness of the out-of-state bank;  (6) An incorporator, director, officer, or agent of the out-of-state bank signed a document he or she knew was false in any material respect with intent that the document be delivered to the commissioner for filing; or  (7) The commissioner receives a duly authenticated certificate from the bank supervisory agency or other official having custody of the corporate records of banking institutions in the state or country under whose law the out-of-state bank is chartered stating that it has been dissolved or disappeared as the result of a merger.
AR Code § 23-48-1010 (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|§ 23-48-1010. Procedure for and effect of revocation

 (a) If the Bank Commissioner determines that one (1) or more grounds exist under § 23-48-1009 for revocation of a certificate of authority, he or she shall serve the out-of-state bank with written notice of his or her determination under § 23-48-1007.  (b)  (1) If an out-of-state bank does not correct each ground for revocation or demonstrate to the reasonable satisfaction of the commissioner that each ground determined by the commissioner does not exist within thirty (30) days after service of the notice is perfected under § 23-48-1007, the commissioner may revoke the out-of-state bank's certificate of authority by signing a certificate of revocation that recites the ground or grounds for revocation and its effective date.  (2) The commissioner shall file the original of the certificate and serve a copy on the out-of-state bank under § 23-48-1007.    (c) The authority of an out-of-state bank to transact business in this state ceases on the date shown on the certificate revoking its certificate of authority.  (d)  (1) The commissioner's revocation of an out-of-state bank's certificate of authority appoints the commissioner the out-of-state bank's agent for service of process in any proceeding based on a cause of action which arose during the time the out-of-state bank was authorized to transact business in this state. Service of process on the commissioner under this subsection is service on the out-of-state bank.  (2) Upon receipt of process, the commissioner shall mail a copy of the process to the secretary or cashier of the out-of-state bank at its principal office shown in its most recent annual franchise tax report or in any subsequent communication received from the bank stating the current mailing address of its principal office, or, if none are on file, in its application for a certificate of authority.    (e) Revocation of an out-of-state bank's certificate of authority does not terminate the authority of the registered agent of the bank.
AR Code § 23-48-1011 (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|§ 23-48-1011. Appeal from revocation

 (a)  (1) An out-of-state bank may appeal the Bank Commissioner's revocation of its certificate of authority to the Pulaski County Circuit Court within thirty (30) days after service of the certificate of revocation is perfected under § 23-48-1007.  (2) The out-of-state bank appeals by petitioning the court to set aside the revocation and attaching to the petition copies of its certificate of authority and the commissioner's certificate of revocation.    (b) The court may order the commissioner to reinstate the certificate of authority or may take any other action the court considers appropriate.  (c) The court's final decision may be appealed as in other civil proceedings.
AR Code § 23-55-101 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 1 - General Provisions|§ 23-55-101. Short title

 This chapter may be cited as the Uniform Money Services Act.
AR Code § 23-55-103 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 1 - General Provisions|§ 23-55-103. Exclusions

 This chapter does not apply to:   (1) the United States or a department, agency, or instrumentality thereof;  (2) money transmission by the United States Postal Service or by a contractor on behalf of the United States Postal Service;  (3) a state, county, city, or any other governmental agency or governmental subdivision of a State;  (4) a bank, bank holding company, office of an international banking corporation, branch of a foreign bank, corporation organized pursuant to the Bank Service Company Act, 12 U.S.C. §§ 1861-1867 (Supp. V 1999), or corporation organized under the Edge Act, 12 U.S.C. §§ 611-633 (1994 & Supp. V 1999) under the laws of a State or the United States if it does not issue, sell, or provide payment instruments, stored value, or prepaid access through an authorized delegate that is not such a person;  (5) electronic funds transfer of governmental benefits for a federal, state, county, or governmental agency by a contractor on behalf of the United States or a department, agency, or instrumentality thereof, or a State or governmental subdivision, agency, or instrumentality thereof;  (6) a board of trade designated as a contract market under the federal Commodity Exchange Act, 7 U.S.C. §§ 1-25 (1994), or a person that, in the ordinary course of business, provides clearance and settlement services for a board of trade to the extent of its operation as or for such a board;  (7) a registered futures commission merchant under the federal commodities laws to the extent of its operation as such a merchant;  (8) a person that provides clearance or settlement services pursuant to a registration as a clearing agency or an exemption from such registration granted under the federal securities laws to the extent of its operation as such a provider;  (9) an operator of a payment system to the extent that it provides processing, clearing, or settlement services, between or among persons excluded by this section, in connection with wire transfers, credit card transactions, debit card transactions, stored-value transactions, automated clearing house transfers, similar funds transfers, or prepaid access;  (10) a person registered as a securities broker-dealer under federal or state securities laws to the extent of its operation as such a broker-dealer; or  (11) a credit union regulated and insured by the National Credit Union Administration.
AR Code § 23-55-104 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 1 - General Provisions|§ 23-55-104. Administration and rules

 (a) The Securities Commissioner shall administer this chapter.  (b) The commissioner may:  (1) Make, amend, and rescind any rules, forms, and orders that the commissioner deems necessary or appropriate to carry out this chapter, including without limitation rules and forms governing applications and reports; and  (2) Define any terms, whether or not used in this chapter, if consistent with this chapter.    (c) A rule, form, or order shall not be made, amended, or rescinded unless the commissioner finds that the action is:  (1) Necessary or appropriate in the public interest or for the protection of consumers; and  (2) Consistent with the purposes fairly intended by the policy and provisions of this chapter.    (d) All rules and forms of the commissioner shall be published.
AR Code § 23-55-201 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 2 - Money Transmission Licenses|§ 23-55-201. License required

 (a) A person may not engage in the business of money transmission or advertise, solicit, or hold itself out as providing money transmission unless the person:  (1) is licensed under this article;  (2) is an authorized delegate of a person licensed under this article; or  (3) is excluded under § 23-55-103.    (b) A license under this article is not transferable or assignable.
AR Code § 23-55-204 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 2 - Financial Institutions And Securities|Chapter 55 - Uniform Money Services Act|Article 2 - Money Transmission Licenses|§ 23-55-204. Surety bonds

 (a)  (1) Except as otherwise provided in subsection (b), a money transmission licensee shall maintain a surety bond in an amount based on the previous year's:  (A) Money transmission dollar volume;  (B) Payment instrument dollar volume; and  (C) Stored value dollar volume.    (2) The minimum surety bond amount shall be at least $10,000, and the maximum surety bond amount shall not exceed $300,000.  (3) The commissioner may set specific required bond amounts by rule.    (b) The surety bond must be in a form satisfactory to the commissioner.  (c) Every surety bond shall provide for suit on the bond by any person who has a cause of action under this chapter. The aggregate liability of the surety to all persons, cumulative or otherwise, may not exceed the principal sum of the bond.  (d) A surety bond must cover claims for so long as the commissioner specifies, but for at least five years after the licensee ceases to provide money services in this State. However, the commissioner may permit the amount of a surety bond to be reduced or eliminated before the expiration of that time to the extent the amount of the licensee's payment instruments or stored-value and prepaid access obligations outstanding in this State is reduced.  (e) The commissioner may increase the amount of a surety bond required to a maximum of $1,000,000 if the financial condition of a licensee so requires, as evidenced by reduction of net worth, financial losses, or other relevant criteria.