{"data":{"id":"us-ar/ark.-code-ann.-23-47-605","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 23-47-605","heading":"Community development corporations","body":"(a) As used in this section, the term \"public welfare\" means developing housing, fostering economic growth and revitalization, creating small businesses, including minority-owned businesses, and supporting other community development initiatives approved by the Bank Commissioner.\n\n(b) A state bank may make investments designed primarily to promote the public welfare, either directly or by purchasing interests in an entity primarily engaged in making the investments.\n\n(c) A state bank shall not make any investment if the investment would expose the bank to unlimited liability.\n\n(d) The commissioner may limit a state bank's investments in any one (1) project and a bank's aggregate investments under this section.\n\n(e) In no case shall a state bank's aggregate investments under this section exceed ten percent (10%) of the bank's capital base.","path":["AR Code","Title 23","Chapter 47","Subchapter 6"],"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":"daffdf948d8bf0850701ebef42eeea5ce4c583e4e13f89332ceaf81ec528b7a9","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-23-47-604","next":"us-ar/ark.-code-ann.-23-47-606"},"notice":"GroundRules: Original legal text. Not legal advice."}