Arkansas § 23-81-308 Maturity date

Arkansas Statutes

§ 23-81-308 — Maturity date

Arkansas § 23-81-308

Title23

This text of Arkansas § 23-81-308 (Maturity date) 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. § 23-81-308 (2026).

Text

(a)For the purpose of determining the benefits calculated under §§ 23-81-306 and 23-81-307 , in the case of annuity contracts under which an election may be made to have annuity payments commence at optional maturity dates, the maturity date shall be deemed to be the latest date for which election shall be permitted by the contract. This date shall not be deemed to be later than the anniversary of the contract next following the annuitant's seventieth birthday or the tenth anniversary of the contract, whichever is later.

(b)This section does not apply to annuities funding funeral and related expenses.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) For the purpose of determining the benefits calculated under §§ 23-81-306 and 23-81-307 , in the case of annuity contracts under which an election may be made to have annuity payments commence at optional maturity dates, the maturity date shall be deemed to be the latest date for which election shall be permitted by the contract. This date shall not be deemed to be later than the anniversary of the contract next following the annuitant's seventieth birthday or the tenth anniversary of the contract, whichever is later. (b) This section does not apply to annuities funding funeral and related expenses.