Ark. Code § 26-26-1502

Current with legislation from 2024 Fiscal and Special Sessions.

Section 26-26-1502 - Definitions

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

(1) "Business corporation" means a corporation incorporated under the Arkansas Business Corporation Act of 1987, § 4-27-101 et seq.;

(2) "Financial institution" means a state bank or national bank, a savings and loan association, or a building and loan association as defined in subdivisions (3)-(5) of this section;

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

(4) "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., § 23-37-706, or under any other appropriate state or federal law; and

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

Ark. Code § 26-26-1502

Amended by Act 2013, No. 1144,§ 5, eff. 8/16/2013.

Acts 1973, No. 182, § 2; A.S.A. 1947, § 84-2087.