Browse Arkansas Code titles and sections
24-2-603. Investment authority and limitations — Default setoff.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-2-603. Investment authority and limitations — Default setoff.
(a) In the event of default in payment of the principal or interest of any investment obligation held by any state retirement system where the issuer of the obligation receives moneys from the state, the default shall be certified by the board of the respective system to the Treasurer of State.
(b) The Treasurer of State shall withhold all moneys due the issuer from the state until the default, together with regular interest thereon, is satisfied.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-2-603
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:24-2-603
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 446e52890b9e861a2e5442806c7477efaf885fff43dca4a048bbf6001a9f87d8
Source location: content.xml paragraph 852
Stored source content
24-2-603. Investment authority and limitations — Default setoff.
(a) In the event of default in payment of the principal or interest of any investment obligation held by any state retirement system where the issuer of the obligation receives moneys from the state, the default shall be certified by the board of the respective system to the Treasurer of State.
(b) The Treasurer of State shall withhold all moneys due the issuer from the state until the default, together with regular interest thereon, is satisfied.
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