Arkansas Statutes
§ 23-68-114 — Disposition of funds held pursuant to section 23-68-113
Arkansas·Title 23
(a)(1) The Liquidation Division of the State Insurance Department is authorized to deposit funds now held pursuant to the provisions of § 23-68-113 , and the Pulaski County Circuit Court, into one (1) or more accounts, in one (1) or more state or national banks, savings banks, savings and loan associations, or trust companies.
(2)These funds may be combined to yield the highest rate of return on the deposits, or in any other way to facilitate the efficient operation of the division and the respective receiverships under the jurisdiction of the division.
(3)These funds may be used for the purpose of operating the division and the respective receiverships that may, from time to time, fall under its jurisdiction, and for no other purpose.
(b)The funds referred to in subsection (a) of this
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Legislative History
Acts 1983, No. 750, §§ 1, 2; A.S.A. 1947, §§ 66-4814.1, 66-4814.2.
Nearby Sections
15
§ 23-1-101
Definitions§ 23-1-103
Compliance with Acts 1935, No. 324, and rules of commission required - Penalties for noncompliance§ 23-1-106
Penalties cumulative - Recovery of penalty not bar to further penalty or criminal prosecution§ 23-1-108
Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
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