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12 chapters · 682 sections in this title.
Ark. Code Ann. § 24-9-201 Legislative intent
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Authorized investments of moneys by the governing bodies of the various trust funds within this state are now provided by law. It is not the intent of this subchapter to change or prescribe the allowable investments in certificates of deposit, registered securities, or negotiable…
Ark. Code Ann. § 24-9-202 Definition
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As used in this subchapter, unless the context otherwise requires, “trust funds” means all assets and holdings of the various firemen’s relief and pension funds and policemen’s pension and relief funds of this state. In addition, other assets and holdings which are of a trust nat…
Ark. Code Ann. § 24-9-203 Applicability
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This subchapter shall apply to all funds as defined in § 24-9-202 and administered by any political subdivision of this state.
Ark. Code Ann. § 24-9-204 Employment of trust administrators
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(a) By board action, the board of trustees may employ a commercial firm normally engaged in providing trust services, if each employee of the trust department who handles the trust funds is covered by a good and sufficient fidelity bond, to act as the agent for the board of the t…