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Can you summarize 23 ARCO Chapter 47?
Financial Institutions And Securities > Bank Powers Subsidiaries
Short Summary
The provided legal document content covers various aspects related to deposits and banking operations in Arkansas. It includes information on the establishment and ownership of deposit accounts, payment and withdrawal rules, securing of deposits, deferred income investment accounts, savings promotion raffles, and agency designation on certificates of deposit. It also governs the investment powers and limitations of state banks, loan limits for state banks, establishment and operation of operating subsidiaries, engagement in real estate investment and development activities, bank service companies, operations of state banks, and creation and powers of subsidiary trust companies. Additionally, it governs safe-deposit facilities and the leasing of safe-deposit boxes by banks. These documents apply to state banks, bank holding companies, subsidiary trust companies, national trust companies, affiliated banks, fiduciary accounts, lessees of safe-deposit boxes, and various parties involved in banking operations and transactions in Arkansas. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
These documents apply to state banks, bank holding companies, subsidiary trust companies, national trust companies, affiliated banks, fiduciary accounts, lessees of safe-deposit boxes, and various parties involved in banking operations and transactions in Arkansas.
What does it govern?
The provided legal document content covers various aspects related to deposits and banking operations in Arkansas. It includes information on the establishment and ownership of deposit accounts, payment and withdrawal rules, securing of deposits, deferred income investment accounts, savings promotion raffles, and agency designation on certificates of deposit. It also governs the investment powers and limitations of state banks, loan limits for state banks, establishment and operation of operating subsidiaries, engagement in real estate investment and development activities, bank service companies, operations of state banks, and creation and powers of subsidiary trust companies. Additionally, it governs safe-deposit facilities and the leasing of safe-deposit boxes by banks.
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Arkansas