Arkansas § 6-20-904 Obligations - Security - Payment

Arkansas Statutes

§ 6-20-904 — Obligations - Security - Payment

Arkansas § 6-20-904

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This text of Arkansas § 6-20-904 (Obligations - Security - Payment) 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. § 6-20-904 (2026).

Text

(a)The certificates shall be obligations of the State Board of Education only, secured by a pledge of the collateral and payable from the proceeds realized from the collateral, as specified in § 6-20-905 .

(b)The certificates shall not be obligations of the State of Arkansas and shall not be secured by a pledge of any revenues belonging to the State of Arkansas.

(c)It shall be stated on the face of each certificate that it has been issued under this subchapter.

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(a) The certificates shall be obligations of the State Board of Education only, secured by a pledge of the collateral and payable from the proceeds realized from the collateral, as specified in § 6-20-905 . (b) The certificates shall not be obligations of the State of Arkansas and shall not be secured by a pledge of any revenues belonging to the State of Arkansas. (c) It shall be stated on the face of each certificate that it has been issued under this subchapter.