Arkansas § 24-12-201 Definitions - Power to invest

Arkansas Statutes

§ 24-12-201 — Definitions - Power to invest

Arkansas § 24-12-201

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This text of Arkansas § 24-12-201 (Definitions - Power to invest) 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. § 24-12-201 (2026).

Text

(a)For purposes of this subchapter, "city" means a city of the first class, a city of the second class, and an unincorporated town.

(b)Subject to subsection (c) of this section, a board of trustees of a city nonuniformed employees' pension plan with assets in excess of one hundred thousand dollars ($100,000) shall have full power to:

(1)Invest and reinvest the moneys of the plan; and (2) Hold, purchase, sell, assign, transfer, or dispose of any of the investments so made and the proceeds of the investments and moneys.

(c)The investments and reinvestments shall only be made in accordance with the prudent investor rule set forth in §§ 24-2-610 - 24-2-619 .

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(a) For purposes of this subchapter, "city" means a city of the first class, a city of the second class, and an unincorporated town. (b) Subject to subsection (c) of this section, a board of trustees of a city nonuniformed employees' pension plan with assets in excess of one hundred thousand dollars ($100,000) shall have full power to: (1) Invest and reinvest the moneys of the plan; and (2) Hold, purchase, sell, assign, transfer, or dispose of any of the investments so made and the proceeds of the investments and moneys. (c) The investments and reinvestments shall only be made in accordance with the prudent investor rule set forth in §§ 24-2-610 - 24-2-619 .