Browse Arkansas Code titles and sections
24-9-206. Certificates of deposit.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-9-206. Certificates of deposit.
When a governing body of a trust shall decide to invest moneys belonging to the trust in certificates of deposit, the following conditions must be met:
(1) The certificate of deposit must be issued in the name of the trust;
(2) The certificate, when received, must be maintained at the office of the board of trustees or in the trust department of a firm normally engaged in providing trust services; and
(3) Subsequent to the purchasing of a certificate of deposit, the board of trustees shall be required to request confirmation of the validity of the certificate directly from the issuing bank.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-9-206
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.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:24-9-206
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 3a3faf41297586a68388299107df8dfe9878a37283d5343cc709d774d1df4e94
Source location: content.xml paragraph 9581
Stored source content
24-9-206. Certificates of deposit.
When a governing body of a trust shall decide to invest moneys belonging to the trust in certificates of deposit, the following conditions must be met:
(1) The certificate of deposit must be issued in the name of the trust;
(2) The certificate, when received, must be maintained at the office of the board of trustees or in the trust department of a firm normally engaged in providing trust services; and
(3) Subsequent to the purchasing of a certificate of deposit, the board of trustees shall be required to request confirmation of the validity of the certificate directly from the issuing bank.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
No explicit source connection was found. This does not mean there are no relevant authorities.