{"data":{"id":"us-ar/ark.-code-ann.-23-36-114","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 23-36-114","heading":"Deposit of funds","body":"No industrial loan institution shall deposit any of its funds in any banking corporation unless the corporation has been designated as a depository by vote of a majority of directors, or of the executive committee, exclusive of any director who is an officer, director, or trustee of the depository so designated, present at any duly called meeting at which a quorum is in attendance.","path":["AR Code","Title 23","Chapter 36"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"45a1b2e1af2598aab1a84e7ab1f59806131c0d56b18e276f8e00ba383b65be7a","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-23-36-113","next":"us-ar/ark.-code-ann.-23-36-115"},"notice":"GroundRules: Original legal text. Not legal advice."}