Browse Arkansas Code titles and sections
15-20-803. Commission to retain financial advisor.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-20-803. Commission to retain financial advisor.
Prior to the sale, pledge, or other use of the loans or undivided interests in pools of loans, the Arkansas Natural Resources Commission shall retain the services of a financial advisor who shall render, prior to the closing of the contemplated transaction, a fairness opinion which shall verify that:
(1) The loans are properly valued;
(2) The transaction enhancements, if any, are not excessive or unreasonable; and
(3) The terms and conditions of the contemplated transaction are fair and reasonable.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-20-803
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:15-20-803
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 2cff7a599489981640c7d2365ec0395c99d47f87129b3319b161810812ec822b
Source location: content.xml paragraph 13162
Stored source content
15-20-803. Commission to retain financial advisor.
Prior to the sale, pledge, or other use of the loans or undivided interests in pools of loans, the Arkansas Natural Resources Commission shall retain the services of a financial advisor who shall render, prior to the closing of the contemplated transaction, a fairness opinion which shall verify that:
(1) The loans are properly valued;
(2) The transaction enhancements, if any, are not excessive or unreasonable; and
(3) The terms and conditions of the contemplated transaction are fair and reasonable.
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