Statutes > Arkansas Statutes > Title 4 - Business and Commercial Law > Subtitle 3 - Corporations And Associations > Chapter 30 - Cooperative Associations > Subchapter 2 - Cooperative Banks > § 4-30-206 - Noncomplying banks -- Supervision by commissioner.

§ 4-30-206 - Noncomplying banks -- Supervision by commissioner.

4-30-206. Noncomplying banks -- Supervision by commissioner.

On failure of any cooperative bank organized under this chapter prior to March 22, 1937, to comply with the provisions of 4-30-205, it shall become the duty of the Bank Commissioner of the State of Arkansas to take charge of the cooperative bank under the provisions of Acts 1931, No. 109, 8 [Repealed].