§ 23-48-804 - Out-of-state banks. - Arkansas Statutes

23-48-804. Out-of-state banks.

(a) Any out-of-state bank may establish, maintain, and operate a customer-bank communication terminal anywhere in this state.

(b) (1) Out-of-state state-chartered banks other than registered out-of-state banks shall file the notice set forth in 23-48-803 with the Bank Commissioner.

(2) Registered out-of-state banks shall satisfy all filing requirements under the regulations of their home state regulator concerning the establishment, maintenance, and operations of out-of-state customer-bank communication terminals.

(c) Nothing in this section shall limit, restrict, or prohibit any Federal Reserve Bank or branch thereof from operating any electronic funds transfer system in this state.