Arkansas § 15-4-104 Bond guaranty programs for employee stock purchases

Arkansas Statutes

§ 15-4-104 — Bond guaranty programs for employee stock purchases

Arkansas § 15-4-104

Title15

This text of Arkansas § 15-4-104 (Bond guaranty programs for employee stock purchases) 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. § 15-4-104 (2026).

Text

(a)When an Arkansas-based employee stock ownership plan buys at least twenty percent (20%) of the stock of an Arkansas-based business entity formed under Arkansas law and the Director of the Arkansas Economic Development Commission determines that had it not been for the purchase by the employee stock ownership plan that Arkansas jobs would have been lost, the Arkansas-based business entity shall be qualified for any bond guaranty programs administered by the Arkansas Economic Development Commission or the Arkansas Development Finance Authority.

(b)The commission and the authority shall promulgate rules necessary for the implementation of this section.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) When an Arkansas-based employee stock ownership plan buys at least twenty percent (20%) of the stock of an Arkansas-based business entity formed under Arkansas law and the Director of the Arkansas Economic Development Commission determines that had it not been for the purchase by the employee stock ownership plan that Arkansas jobs would have been lost, the Arkansas-based business entity shall be qualified for any bond guaranty programs administered by the Arkansas Economic Development Commission or the Arkansas Development Finance Authority. (b) The commission and the authority shall promulgate rules necessary for the implementation of this section.