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AR HB1310

Bill

Official Source

Status

Failed

5/1/2017

Primary Sponsor

Matthew Shepherd

Click for details

Origin

House of Representatives

91st General Assembly (2017 Regular)

AI Summary

  • Amends Arkansas Code § 23-47-101(a) to add a new subdivision (38) to the general powers of state banks
  • Permits state banks to offer products or services arising from new or changing technologies with prior approval from the commissioner
  • Requires products or services to be incidental to the business of banking
  • Allows the commissioner to prescribe conditions on approval of new technology-based offerings

Legislative Description

Concerning The Power Of State Banks.

Last Action

Sine Die adjournment

5/1/2017

Committee Referrals

Insurance & Commerce2/6/2017
Insurance and Commerce1/25/2017

Full Bill Text

No bill text available