Ark. Code Ann. § 23-46-401: Applicability

Nothing in this subchapter is intended to have any application to:

(1) A merger under which a state bank merges into a national bank which is an Arkansas bank;

(2) Any consolidation proceeding under which a state bank becomes consolidated into a national bank which is an Arkansas bank; or

(3) Any proceeding under which a state bank is converted into a national bank or a national bank is converted into a state bank.