Arkansas § 17-42-601 Establishment of program

Arkansas Statutes

§ 17-42-601 — Establishment of program

Arkansas § 17-42-601

Title17

This text of Arkansas § 17-42-601 (Establishment of program) 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. § 17-42-601 (2026).

Text

(a)The Arkansas Real Estate Commission is hereby authorized and empowered, subject to the following restrictions and limitations, to establish a program authorizing and permitting the collection of interest on real estate brokers' trust accounts and the disbursement of the interest by the depository institutions involved to an Arkansas nonprofit corporation for use for such tax-exempt purposes as are hereinafter set forth.

(b)Participation in the program shall be completely voluntary with each broker rather than mandatory.

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(a) The Arkansas Real Estate Commission is hereby authorized and empowered, subject to the following restrictions and limitations, to establish a program authorizing and permitting the collection of interest on real estate brokers' trust accounts and the disbursement of the interest by the depository institutions involved to an Arkansas nonprofit corporation for use for such tax-exempt purposes as are hereinafter set forth. (b) Participation in the program shall be completely voluntary with each broker rather than mandatory.