(1) A company may become an Arkansas savings and loan holding company;
(2) An Arkansas savings and loan holding company may acquire:
(A) An Arkansas association or other Arkansas savings and loan holding company;
(B) A southern region association or a southern region savings and loan holding company; and
(C) An association or savings and loan holding company having association offices which are located outside of the southern region as authorized under § 23-37-811(a);
(3) A southern region savings and loan holding company may acquire a southern region savings and loan holding company having an Arkansas association subsidiary;
(4) An Arkansas state association may acquire a southern region association; and
(5) A southern region association may acquire an Arkansas state association.
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