{"data":{"id":"us-ar/ark.-code-ann.-23-37-305","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 23-37-305","heading":"Permanent stock associations - Initial subscriptions to savings accounts","body":"As a prerequisite to approval of any application for a proposed permanent stock association, the incorporators must show, to the satisfaction of the Savings and Loan Association Board [abolished], subscribed savings accounts from individuals in the aggregate number and amount which, in the opinion of the board, will justify the initial successful operation of the association.","path":["AR Code","Title 23","Chapter 37","Subchapter 3"],"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":"15a7f5cd8e95f1a3a09c802ee39ba74a926d2ed586f9154781e2bc09132ea432","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-23-37-304","next":"us-ar/ark.-code-ann.-23-37-306"},"notice":"GroundRules: Original legal text. Not legal advice."}