Arkansas § 23-42-303 Minimum net capital requirement

Arkansas Statutes

§ 23-42-303 — Minimum net capital requirement

Arkansas § 23-42-303

Title23

This text of Arkansas § 23-42-303 (Minimum net capital requirement) 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. § 23-42-303 (2026).

Text

(a)The Securities Commissioner shall require a minimum net capital for registered broker-dealers in such amount as he or she may by rule prescribe and for registered investment advisers in the amount of twelve thousand five hundred dollars ($12,500).

(b)However, subsection (a) of this section shall not apply to any registered investment adviser which maintains its principal place of business in a state other than Arkansas that:

(1)Is registered or licensed as such in the state in which it maintains its principal place of business; and (2) Is in compliance with the applicable net capital requirements of the state in which it maintains its principal place of business.

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(a) The Securities Commissioner shall require a minimum net capital for registered broker-dealers in such amount as he or she may by rule prescribe and for registered investment advisers in the amount of twelve thousand five hundred dollars ($12,500). (b) However, subsection (a) of this section shall not apply to any registered investment adviser which maintains its principal place of business in a state other than Arkansas that: (1) Is registered or licensed as such in the state in which it maintains its principal place of business; and (2) Is in compliance with the applicable net capital requirements of the state in which it maintains its principal place of business.

Legislative History

Acts 1959, No. 254, § 4; 1961, No. 248, § 2; 1973, No. 47, § 3; 1975, No. 844, § 3; A.S.A. 1947, § 67-1238; Acts 1995, No. 845, § 13; 1997, No. 173, § 13.