Statutes > Arkansas Statutes > Title 23 - Public Utilities and Regulated Industries > Subtitle 2 - Financial Institutions And Securities > Chapter 48 - Organization and Operation > Subchapter 5 - Mergers, Consolidations, Conversions, Emergency Acquisitions, Purchases, or Assumptions > § 23-48-508 - Resulting state bank -- Time for conformance with state law.

§ 23-48-508 - Resulting state bank -- Time for conformance with state law.

23-48-508. Resulting state bank -- Time for conformance with state law.

If a party to a merger or converting bank has assets which do not conform to the requirements of state law for the resulting state bank or if it carries on business activities which are not permitted for the resulting state bank, the Bank Commissioner may permit a reasonable time in which to conform with state law.