Statutes > Arkansas Statutes > Title 23 - Public Utilities and Regulated Industries > Subtitle 2 - Financial Institutions And Securities > Chapter 37 - Savings And Loan Associations > Subchapter 4 - Operation Generally > § 23-37-406 - Payment of commission on sale of stock.

§ 23-37-406 - Payment of commission on sale of stock.

23-37-406. Payment of commission on sale of stock.

An association shall pay no fee, commission, or other remuneration to any person for the sale of its permanent capital stock without prior approval of the Savings and Loan Association Board.