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24-7-404. Default where issuer receives money from State of Arkansas.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-7-404. Default where issuer receives money from State of Arkansas.
In the event of default in payment of the principal or interest of any investment obligation held by the Arkansas Teacher Retirement System where the issuer of the obligation receives moneys from the State of Arkansas, the default shall be certified by the Board of Trustees of the Arkansas Teacher Retirement System to the Treasurer of State, who shall withhold all moneys due the issuer from the State of Arkansas until the default, together with interest thereon, is satisfied.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-7-404
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:24-7-404
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 3cc717fc2a3271c5f46b559da6b9aefb8086d5187d9c7a5f30e1ffe88bcbf74b
Source location: content.xml paragraph 5856
Stored source content
24-7-404. Default where issuer receives money from State of Arkansas.
In the event of default in payment of the principal or interest of any investment obligation held by the Arkansas Teacher Retirement System where the issuer of the obligation receives moneys from the State of Arkansas, the default shall be certified by the Board of Trustees of the Arkansas Teacher Retirement System to the Treasurer of State, who shall withhold all moneys due the issuer from the State of Arkansas until the default, together with interest thereon, is satisfied.
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