§ 23-48-901 - Definitions. - Arkansas Statutes

23-48-901. Definitions.

As used in this subchapter, unless the context otherwise requires:

(1) "Acquisition of an interstate branch" means the acquisition of a branch located in a host state as the initial entry of an out-of-state bank into the host state, without engaging in an interstate merger transaction as defined in 23-45-102;

(2) "Control" shall be construed consistently with the provisions of 12 U.S.C. 1841(a)(2); and

(3) "De novo interstate branch" means a bank branch located in a host state which is the initial entry of an out-of-state bank into the host state, is originally established by the bank as a branch, and does not become a branch of the bank as a result of an interstate merger transaction.