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21-5-510. Liability of state or political subdivision.
Arkansas Code — all titles (historical 2020) · legal_authorities
21-5-510. Liability of state or political subdivision.
The financial liability of the state, county, city, town, or other political subdivision under a deferred compensation program authorized by this subchapter shall be limited in each instance to:
(1) An amount determined by reference to the value of the annuity contracts which may have been purchased with respect to any employee;
(2) An amount determined by reference to the value of the employee's interest in a trust or custodial account holding mutual funds, in pooled investment funds, or in other investment vehicles purchased on behalf of the employee; and
(3) Any amounts deferred but not paid over to the annuity contracts, trusts, or custodial accounts.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 21-5-510
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:21-5-510
Source file: gov.ar.code.title.21.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 83f849714f79d9ac8d39f30aaeaef927e525a181481917a4b8fb16cf750621e6
Source location: content.xml paragraph 4136
Stored source content
21-5-510. Liability of state or political subdivision.
The financial liability of the state, county, city, town, or other political subdivision under a deferred compensation program authorized by this subchapter shall be limited in each instance to:
(1) An amount determined by reference to the value of the annuity contracts which may have been purchased with respect to any employee;
(2) An amount determined by reference to the value of the employee's interest in a trust or custodial account holding mutual funds, in pooled investment funds, or in other investment vehicles purchased on behalf of the employee; and
(3) Any amounts deferred but not paid over to the annuity contracts, trusts, or custodial accounts.
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