Arkansas Statutes
§ 6-20-810 — Certificate of approval - Instrument negotiable
Arkansas·Title 6
(a)Whenever all of the conditions required by this law have been met, the Commissioner of Elementary and Secondary Education shall execute a certificate on each revolving loan bond or revolving loan certificate of indebtedness to the effect that the bond or certificate, and the issue of which it is a part, has been approved by the State Board of Education.
(b)Thereafter, each such revolving loan bond or revolving loan certificate of indebtedness shall be a negotiable instrument.
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Related
Opinion No.
(Arkansas Attorney General Reports, 2005)
Legislative History
Amended by Act 2021, No. 544,§ 38, eff. 7/28/2021. Acts 1953, No. 384, § 10; 1959, No. 64, § 1; A.S.A. 1947, § 80-950.