Can you summarize 23 ARCO Chapter 115?
The provided legal document content covers various aspects of the Arkansas Scholarship Lottery Act, including the establishment and operation of the Office of the Arkansas Lottery, management and distribution of lottery proceeds for scholarships, requirements for vendors bidding on major procurement contracts, employees of the Office of the Arkansas Lottery, and debt collection from lottery prize winners. The Act emphasizes the importance of immediately implementing the lottery system to ensure the educational and economic success of potential scholarship recipients.
Can you summarize 23 ARCO Chapter 116?
The provided legal document content governs paid fantasy sports games in Arkansas. It applies to game operators who professionally conduct paid fantasy sports games for cash prizes for members of the general public and require cash or a cash equivalent as an entry fee. It also applies to game participants who participate in these paid fantasy sports games. The document provides definitions for various terms, establishes conditions that a paid fantasy sports game must meet, and defines the term ‘person’ to include various legal entities.
Can you summarize 23 ARCO Chapter 117?
This legal document, Acts 2019, No. 371, 1, provides clarity regarding the letter of support required for a casino applicant in order for a county or city official to fulfill their responsibility to represent the desire of the citizens within the affected city and county. The document aims to fulfill the purpose of The Arkansas Casino Gaming Amendment of 2018, Arkansas Constitution, Amendment 100. The effective date of this document is March 8, 2019.
Can you summarize 23 ARCO Chapter 31?
This legal document pertains to the State Bank Department and State Banking Board in Arkansas. It governs financial institutions and securities regulated by these entities. No specific exemptions or penalties are mentioned in the document. The document has been repealed by Acts 1997, No. 89, Section 3. The chapter was derived from various sources, including Acts from 1913, 1921, 1927, 1967, 1975, 1981, 1983, 1985, and 1987. For further information on the resolution of multiple legislation affecting a section, refer to 1-2-207 and 1-2-303.
Can you summarize 23 ARCO Chapter 35?
The provided legal document content consists of multiple documents related to credit unions in the state of Arkansas. These documents establish the framework and regulations for credit unions, covering various aspects such as organization and operation, membership requirements, shares, powers and responsibilities of credit union entities, merger, conversion, and dissolution of credit unions, and prohibited practices. The documents provide information on the effective dates of acts related to credit unions, including emergency clauses for immediate effect.
Can you summarize 23 ARCO Chapter 45?
The provided legal document content is a part of the Arkansas Banking Code of 1997, which governs financial institutions and securities in Arkansas. The document does not specify any exemptions or penalties. It includes information about the effective dates of certain acts related to interstate banking and branching efficiency, as well as the flow of development capital funds into the state. The document also references additional research references related to banks, access to public records, and witnesses.
Can you summarize 23 ARCO Chapter 46?
This legal document pertains to the State Bank Department and State Banking Board within the Arkansas Code, specifically under the section of Public Utilities and Regulated Industries. It governs the regulation and oversight of financial institutions and securities within the state. The document establishes the authority and responsibilities of the State Bank Department and State Banking Board in ensuring the proper functioning and compliance of financial institutions and securities in Arkansas.
Can you summarize 23 ARCO Chapter 47?
The provided legal document content covers various aspects related to deposits and banking operations in Arkansas. It includes information on the establishment and ownership of deposit accounts, payment and withdrawal rules, securing of deposits, deferred income investment accounts, savings promotion raffles, and agency designation on certificates of deposit. It also governs the investment powers and limitations of state banks, loan limits for state banks, establishment and operation of operating subsidiaries, engagement in real estate investment and development activities, bank service companies, operations of state banks, and creation and powers of subsidiary trust companies.
Can you summarize 23 ARCO Chapter 48, Subchapter 4?
This subchapter of the Arkansas Code governs the organization and operation of Bank Holding Companies. It applies to bank holding companies, banks, and state banks. The subchapter defines a ‘Bank subsidiary’ as a bank that is owned or controlled by a bank holding company through various means. The subchapter also includes a definition of ‘Company’ as any corporation, limited liability company, or business trust doing business in Arkansas, excluding certain corporations.