Arkansas Statutes
§ 21-5-509 — Exclusive benefit
Arkansas·Title 21
All amounts of compensation deferred pursuant to a deferred compensation program, all property and rights purchased with such amounts, and income attributed to such amounts, property, and rights shall be held in one (1) or more annuity contracts, custodial accounts, or in trust for the exclusive benefit of the employees and their beneficiaries participating in such a program.
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Legislative History
Acts 1975, No. 669, § 8; A.S.A. 1947, § 12-1625; Acts 2001, No. 1596, § 4.
Nearby Sections
15
§ 21-1-101
Computation of length of service§ 21-1-102
Term of office of certain officers§ 21-1-103
Service recognition program§ 21-1-105
Employee benefit programs§ 21-1-201
Gender not a bar to holding office§ 21-1-207
Public employees§ 21-1-301
Title§ 21-1-302
Legislative intent§ 21-1-303
Definitions§ 21-1-305
§ 21-1-305