Arkansas Code § 24-7-402 - Assets As Trust Fund -- Custodian

(a) All assets of the Arkansas Teacher Retirement System shall constitute a single trust fund, and the Board of Trustees of the Arkansas Teacher Retirement System shall be the trustees of the fund.

(b) (1) The custodian of system assets shall be the Treasurer of State or other financial institutions or depositories as allowed under this subchapter.

(2) When acting as custodian of system assets, the Treasurer of State shall act in accordance with the instructions of the board.

Section: 24-7-402  24-7-403  24-7-404  24-7-405  24-7-406  24-7-407  24-7-408  24-7-409  24-7-410  24-7-411    Next

Last modified: November 15, 2016