1. (a) Prior to filing an application with the State Bank Department for a charter amendment to change the corporate name of a state bank, the bank must complete the following procedures:

   1. (1)

      1. (A) Publish legal notice of intention to change the corporate name of the bank one (1) time in a newspaper of statewide circulation.
      2. (B) Such notice shall include both the:

2. (i) Current corporate name of the bank; and

   1. (ii) Proposed new name.

      1. (C) A copy of the legal notice must accompany the application; and

   2. (2)

      1. (A) Request a current check of both state and federal trademark or service mark filings on the proposed new name.

      2. (B) Evidence must accompany the application for charter amendment verifying:

         1. (i) The applicant has made a trademark or service mark search; and
         2. (ii) No trademark or service mark exists for the proposed name.

3. (b)

   1. (1) Once the charter amendment is received by the department, notice of the filing of the application will be sent to all state-chartered banks by electronic transmission.
   2. (2) Any protestants will have seven (7) days from the date the department notice was sent to file an official protest to the application.

   3. (3) An official protest must be:

      1. (A) Provided to the department in written form delineating the reasons for the protest; and
      2. (B) Accompanied by a filing fee of two hundred dollars ($200).

Codification Notes: This section was promulgated as Section 48-307.1 of the State Bank Department Rules prior to codification into the Code of Arkansas Rules. This section as promulgated prior to codification into the Code of Arkansas Rules provided as follows: "(Reference A.C.A. § 23-48-307)"