Browse Arkansas Code titles and sections
24-9-208. Negotiable securities.
Arkansas Code — all titles (historical 2020) · legal_authorities
24-9-208. Negotiable securities.
(a) When the board of trustees of a trust decides to invest trust moneys in negotiable securities, the board shall purchase the securities from reputable bonded dealers in those securities.
(b) The board shall require the dealers to certify to the authenticity of the securities.
(c) The securities shall be held in the office of the board of trustees or by the trust department of a commercial firm normally engaged in providing trust services.
(d) The sale of negotiable securities shall require written authorization from at least two (2) board members, one being the board treasurer and the other the chair of the board.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 24-9-208
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:24-9-208
Source file: gov.ar.code.title.24.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 97ed0706fc1cfd54f3fa50477ed847a4105759dbcb47cfbd6658ba3d2304aabb
Source location: content.xml paragraph 9598
Stored source content
24-9-208. Negotiable securities.
(a) When the board of trustees of a trust decides to invest trust moneys in negotiable securities, the board shall purchase the securities from reputable bonded dealers in those securities.
(b) The board shall require the dealers to certify to the authenticity of the securities.
(c) The securities shall be held in the office of the board of trustees or by the trust department of a commercial firm normally engaged in providing trust services.
(d) The sale of negotiable securities shall require written authorization from at least two (2) board members, one being the board treasurer and the other the chair of the board.
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.