Arkansas § 21-5-510 Liability of state or political subdivision

Arkansas Statutes

§ 21-5-510 — Liability of state or political subdivision

Arkansas § 21-5-510

Title21

This text of Arkansas § 21-5-510 (Liability of state or political subdivision) 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. § 21-5-510 (2026).

Text

The financial liability of the state, county, city, town, or other political subdivision under a deferred compensation program authorized by this subchapter shall be limited in each instance to:

(1)An amount determined by reference to the value of the annuity contracts which may have been purchased with respect to any employee;

(2)An amount determined by reference to the value of the employee's interest in a trust or custodial account holding mutual funds, in pooled investment funds, or in other investment vehicles purchased on behalf of the employee; and (3) Any amounts deferred but not paid over to the annuity contracts, trusts, or custodial accounts.

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The financial liability of the state, county, city, town, or other political subdivision under a deferred compensation program authorized by this subchapter shall be limited in each instance to: (1) An amount determined by reference to the value of the annuity contracts which may have been purchased with respect to any employee; (2) An amount determined by reference to the value of the employee's interest in a trust or custodial account holding mutual funds, in pooled investment funds, or in other investment vehicles purchased on behalf of the employee; and (3) Any amounts deferred but not paid over to the annuity contracts, trusts, or custodial accounts.