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Form a Business

Community development corporations.

Ark. Code Ann. § 23-47-605
in effect
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(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. (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. (c) A state bank shall not make any investment if the investment would expose the bank to unlimited liability. (d) The commissioner may limit a state bank's investments in any one (1) project and a bank's aggregate investments under this section. (e) In no case shall a state bank's aggregate investments under this section exceed ten percent (10%) of the bank's capital base.
Source: Public.Resource.Org / UniCourt, Official Code of Arkansas Annotated, Release 78 (2020) (unicourt.github.io/cic-code-ar)URL: https://unicourt.github.io/cic-code-ar/transforms/ar/ocar/r78/gov.ar.code.title.23.htmlFetched: 11/8/2026

Starting a business in Arkansas? Arkansas LLC guide: costs and requirements