Arkansas · Arkansas Code of 1987 — full code (public domain; via Open US Law, CC BY 4.0)
Ark. Code § 23-47-503: Ark. Code Ann. § 23-47-503
What this law says, in plain English
State banks are prohibited from loaning funds using their own stock as collateral, making loans to buy their own stock, or holding such loans as assets. Violations result in civil money penalties up to $100,000.
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