§ 23-48-903 - Interstate merger transactions and branching permitted. - Arkansas Statutes

23-48-903. Interstate merger transactions and branching permitted.

One (1) or more Arkansas banks, provided no such Arkansas bank has a de novo charter, may enter into an interstate merger transaction with one (1) or more out-of-state banks under this subchapter in which the out-of-state bank is the resulting bank, and the out-of-state bank may thereafter maintain and operate the branches in Arkansas of any Arkansas bank that was a party to the interstate merger transaction, provided that the conditions and filing requirements of 23-48-1001 et seq. are met.