Arkansas § 15-20-803 Commission to retain financial advisor

Arkansas Statutes

§ 15-20-803 — Commission to retain financial advisor

Arkansas § 15-20-803

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This text of Arkansas § 15-20-803 (Commission to retain financial advisor) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 15-20-803 (2026).

Text

Prior to the sale, pledge, or other use of the loans or undivided interests in pools of loans, the Arkansas Natural Resources Commission shall retain the services of a financial advisor who shall render, prior to the closing of the contemplated transaction, a fairness opinion which shall verify that:

(1)The loans are properly valued;

(2)The transaction enhancements, if any, are not excessive or unreasonable; and (3) The terms and conditions of the contemplated transaction are fair and reasonable.

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Prior to the sale, pledge, or other use of the loans or undivided interests in pools of loans, the Arkansas Natural Resources Commission shall retain the services of a financial advisor who shall render, prior to the closing of the contemplated transaction, a fairness opinion which shall verify that: (1) The loans are properly valued; (2) The transaction enhancements, if any, are not excessive or unreasonable; and (3) The terms and conditions of the contemplated transaction are fair and reasonable.