§ 15-4-908 - Preliminary investigation. - Arkansas Statutes

15-4-908. Preliminary investigation.

As soon as practicable after the receipt of the articles of incorporation, the Bank Commissioner shall, from the best source of information at his or her command:

(1) Ascertain the qualifications, character, and general fitness of the applicants and their standing in their respective communities; and

(2) Determine whether public convenience and necessity require a development finance corporation.