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Can you summarize ARAR 214.01?
Securities Department > Rules of the Arkansas Credit Union Division
Short Summary
The Rules of the Arkansas Credit Union Division govern the organization and operation of credit unions under the provisions of the Arkansas Credit Union Act. These rules apply to persons who wish to establish a credit union and provide guidelines for the submission of articles of incorporation and bylaws, investigation of credit union proposals, approval of credit unions, amendments to bylaws and articles of incorporation, corporate powers, usurious contracts, expulsion and withdrawal from field of membership, official family, board of directors, credit committee, loans to members, supervisory committee, share accounts and share certificate accounts, trust accounts, disappearance, investments, reserve allocations, fees, and other related matters. The document does not mention any exemptions or penalties.
Whom does it apply to?
Persons who wish to establish a credit union
What does it govern?
Organization and operation of credit unions
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Arkansas