Statutes > Arkansas Statutes > Title 23 - Public Utilities and Regulated Industries > Subtitle 2 - Financial Institutions And Securities > Chapter 48 - Organization and Operation > Subchapter 9 - Interstate Bank Mergers and Branching > § 23-48-904 - De novo interstate branches or acquisition of interstate branches prohibited.

§ 23-48-904 - De novo interstate branches or acquisition of interstate branches prohibited.

23-48-904. De novo interstate branches or acquisition of interstate branches prohibited.

(a) No state bank may establish or maintain a de novo interstate branch or engage in a transaction involving the acquisition of an interstate branch.

(b) No out-of-state bank may establish or maintain a de novo interstate branch in Arkansas or engage in a transaction involving the acquisition of an interstate branch in Arkansas.