Browse Arkansas Code titles and sections
17-42-601. Establishment of program.
Arkansas Code — all titles (historical 2020) · legal_authorities
17-42-601. Establishment of program.
(a) The Arkansas Real Estate Commission is hereby authorized and empowered, subject to the following restrictions and limitations, to establish a program authorizing and permitting the collection of interest on real estate brokers' trust accounts and the disbursement of the interest by the depository institutions involved to an Arkansas nonprofit corporation for use for such tax-exempt purposes as are hereinafter set forth.
(b) Participation in the program shall be completely voluntary with each broker rather than mandatory.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-42-601
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:17-42-601
Source file: gov.ar.code.title.17.odt
Pages: Not recorded – Not recorded
Passage SHA-256: a4ae2236859f0a66a790e59d1059a992408adb2f5adaa057ae7cab735fefe72f
Source location: content.xml paragraph 16035
Stored source content
17-42-601. Establishment of program.
(a) The Arkansas Real Estate Commission is hereby authorized and empowered, subject to the following restrictions and limitations, to establish a program authorizing and permitting the collection of interest on real estate brokers' trust accounts and the disbursement of the interest by the depository institutions involved to an Arkansas nonprofit corporation for use for such tax-exempt purposes as are hereinafter set forth.
(b) Participation in the program shall be completely voluntary with each broker rather than mandatory.
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