Statutes > Arkansas Statutes > Title 23 - Public Utilities and Regulated Industries > Subtitle 2 - Financial Institutions And Securities > Chapter 48 - Organization and Operation > Subchapter 4 - Bank Holding Companies > § 23-48-405 - Ownership or control of subsidiaries.

§ 23-48-405 - Ownership or control of subsidiaries.

23-48-405. Ownership or control of subsidiaries.

It shall be unlawful for a bank holding company to directly or indirectly own or control more than one (1) bank subsidiary if any such bank subsidiary with its main office in Arkansas has a de novo charter.