Acts requiring prior approval of the board

  1. Law
  2. Arkansas Code
  3. Public Utilities and Regulated Industries
  4. Financial Institutions And Securities
  5. Savings And Loan Associations
  6. Regional Savings and Loan Act of 1987
  7. Acts requiring prior approval of the board

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With the prior approval of the Savings and Loan Association Board [abolished] in accordance with § 23-37-807(a) and upon receipt of approval from all other applicable state and federal regulatory authorities having approval authority over the transaction:

  1. (1) A company may become an Arkansas savings and loan holding company;

  2. (2) An Arkansas savings and loan holding company may acquire:

    1. (A) An Arkansas association or other Arkansas savings and loan holding company;

    2. (B) A southern region association or a southern region savings and loan holding company; and

    3. (C) An association or savings and loan holding company having association offices which are located outside of the southern region as authorized under § 23-37-811(a);

  3. (3) A southern region savings and loan holding company may acquire a southern region savings and loan holding company having an Arkansas association subsidiary;

  4. (4) An Arkansas state association may acquire a southern region association; and

  5. (5) A southern region association may acquire an Arkansas state association.


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