Ark. Code § 23-48-508
Current with legislation from 2024 effective through May 3, 2024.
If a party to a merger or converting bank has assets which do not conform to the requirements of state law for the resulting state bank or if it carries on business activities which are not permitted for the resulting state bank, the Bank Commissioner may permit a reasonable time in which to conform with state law.
Ark. Code § 23-48-508