§ 26-26-1502 - Definitions. - Arkansas Statutes

26-26-1502. Definitions.

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

(1) "State bank" means a bank, trust company, or savings bank chartered under the banking laws of this state;

(2) "National bank" means a bank chartered under the banking laws of the United States;

(3) "Savings and loan association" or "building and loan association" means any financial institution or association established and operating under the authority of 23-37-101 et seq., or 23-37-706 and 23-38-201 et seq., or under any other appropriate state or federal law;

(4) "Financial institution" means a state or national bank, or a savings and loan association, or a building and loan association as defined in subdivisions (1), (2), and (3) of this section;

(5) "Business corporation" means a corporation incorporated under the Arkansas Business Corporation Act.