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Can you summarize 23 ARCO Chapter 48?
Financial Institutions And Securities > Organization and Operation
Short Summary
The provided legal document content covers various aspects of the organization and operation of financial institutions and securities in Arkansas. It includes regulations and guidelines for the establishment, management, and functioning of these entities within the state. The documents cover topics such as the conversion of trust companies into banks, closure of offices on legal holidays, agency agreements between state banks and affiliated institutions, exemptions from furnishing fidelity bonds, reserves and dividends for state banks, mergers and consolidations, establishment of branch offices, and the operation of customer-bank communication terminals. The documents provide definitions, procedures, and requirements for these activities, ensuring compliance with state laws and promoting the efficient and regulated operation of financial institutions and securities in Arkansas. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Financial institutions such as trust companies, banks, bank holding companies, state banks, national banks, savings and loan associations, depository institutions, and individuals or entities involved in transactions with these institutions.
What does it govern?
The organization and operation of financial institutions and securities in Arkansas, including trust companies, banks, bank holding companies, and customer-bank communication terminals.
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