§ 23-37-804 - Acts requiring prior approval of the board. - Arkansas Statutes

23-37-804. Acts requiring prior approval of the board.

With the prior approval of the board in accordance with 23-37-807(a) and upon receipt of approval from all other applicable state and federal regulatory authorities having approval authority over the transaction:

(1) A company may become an Arkansas savings and loan holding company;

(2) An Arkansas savings and loan holding company may acquire:

(A) An Arkansas association or other Arkansas savings and loan holding company;

(B) A southern region association or a southern region savings and loan holding company; and

(C) An association or savings and loan holding company having association offices which are located outside of the southern region as authorized under 23-37-811(a);

(3) A southern region savings and loan holding company may acquire a southern region savings and loan holding company having an Arkansas association subsidiary;

(4) An Arkansas state association may acquire a southern region association; and

(5) A southern region association may acquire an Arkansas state association.