# Ark. Code Ann. § 23-45-106: Rules of construction

> Arkansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C45_S23-45-106

## Section

- **Citation:** Ark. Code Ann. § 23-45-106
- **Heading:** Rules of construction
- **Jurisdiction:** Arkansas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AR Code / Title 23 / Chapter 45 / Section 23-45-106

## Text

(a) (1) Unless otherwise specifically indicated, and to the fullest extent permitted by the Arkansas Constitution, any reference in the Arkansas Banking Code of 1997 to an existing state or federal statute or regulation shall mean to the statute or regulation as it has been or may in the future be amended or supplemented. (2) If in any case the construction is not constitutionally permissible, the reference shall mean to the statute or regulation as it existed on May 31, 1997. (b) Unless the context otherwise requires: (1) Any reference in the Arkansas Banking Code of 1997 to "applicable law", "existing law", or similar references, shall encompass the laws of the executive, legislative, and judicial branches of the appropriate jurisdiction; (2) Any reference in the Arkansas Banking Code of 1997 to the discretion of the Bank Commissioner shall mean the sole, uncontrolled discretion of the commissioner; and (3) Any reference in the Arkansas Banking Code of 1997 to the Federal Deposit Insurance Corporation shall also reference any successor thereof. Acts 1997, No. 89, § 1.

(a) (1) Unless otherwise specifically indicated, and to the fullest extent permitted by the Arkansas Constitution, any reference in the Arkansas Banking Code of 1997 to an existing state or federal statute or regulation shall mean to the statute or regulation as it has been or may in the future be amended or supplemented. (2) If in any case the construction is not constitutionally permissible, the reference shall mean to the statute or regulation as it existed on May 31, 1997.

(1) Unless otherwise specifically indicated, and to the fullest extent permitted by the Arkansas Constitution, any reference in the Arkansas Banking Code of 1997 to an existing state or federal statute or regulation shall mean to the statute or regulation as it has been or may in the future be amended or supplemented.

(2) If in any case the construction is not constitutionally permissible, the reference shall mean to the statute or regulation as it existed on May 31, 1997.

(b) Unless the context otherwise requires: (1) Any reference in the Arkansas Banking Code of 1997 to "applicable law", "existing law", or similar references, shall encompass the laws of the executive, legislative, and judicial branches of the appropriate jurisdiction; (2) Any reference in the Arkansas Banking Code of 1997 to the discretion of the Bank Commissioner shall mean the sole, uncontrolled discretion of the commissioner; and (3) Any reference in the Arkansas Banking Code of 1997 to the Federal Deposit Insurance Corporation shall also reference any successor thereof.

(1) Any reference in the Arkansas Banking Code of 1997 to "applicable law", "existing law", or similar references, shall encompass the laws of the executive, legislative, and judicial branches of the appropriate jurisdiction;

(2) Any reference in the Arkansas Banking Code of 1997 to the discretion of the Bank Commissioner shall mean the sole, uncontrolled discretion of the commissioner; and

(3) Any reference in the Arkansas Banking Code of 1997 to the Federal Deposit Insurance Corporation shall also reference any successor thereof.

Acts 1997, No. 89, § 1.

## Nearby sections

- [Ark. Code Ann. § 23-45-101 Short title](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C45_S23-45-101.md)
- [Ark. Code Ann. § 23-45-102 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C45_S23-45-102.md)
- [Ark. Code Ann. § 23-45-103 Effect on existing financial institutions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C45_S23-45-103.md)
- [Ark. Code Ann. § 23-45-104 Unauthorized activity as a financial institution - Incorporation of industrial loan institutions prohibited - Individuals and partnerships not to transact general commercial banking business](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C45_S23-45-104.md)
- [Ark. Code Ann. § 23-45-105 Headings](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C45_S23-45-105.md)
- [Ark. Code Ann. § 23-45-106 Rules of construction](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C45_S23-45-106.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C45_S23-45-106. Check the current official text before relying on it. Not legal advice.