{"data":{"id":"us-ar/ark.-code-ann.-23-62-403","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 23-62-403","heading":"Qualified United States financial institutions","body":"For purposes of this subchapter, a \"qualified United States financial institution\" means an institution that:\n\n(1) Is organized or, in the case of a United States office of a foreign banking organization, licensed under the laws of the United States or any state thereof;\n\n(2) Is regulated, supervised, and examined by federal or state authorities having regulatory authority over banks and trust companies; and\n\n(3) Has been determined by either the Insurance Commissioner or the Securities Valuation Office of the National Association of Insurance Commissioners to meet such standards of financial condition and standing as are considered necessary and appropriate to regulate the quality of financial institutions whose letters of credit will be acceptable to the commissioner.","path":["AR Code","Title 23","Chapter 62","Subchapter 4"],"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 2026-09-17","retrieved_at":"2026-09-17T21:35:43Z","sha256":"5911b3792711a739ac95233fc481ae930814a53774e10fdc4c8586db0e029dfc","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-23-62-402","next":"us-ar/ark.-code-ann.-23-62-404","notices":[{"id":"open-us-law","title":"Open US Law compilation","text":"Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text.","url":"https://huggingface.co/datasets/vaquill/open-us-law","license_url":"https://creativecommons.org/licenses/by/4.0/"},{"id":"pro-ar","title":"Arkansas Release 78 supplement","text":"Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows.","url":"https://archive.org/details/gov.ar.code"}]},"notice":"GroundRules: Original legal text. Not legal advice."}