Arkansas Code § 15-4-1027 - Investment and Loan Policy

(a) A capital development company shall not lend money when credit is readily available on comparable terms elsewhere.

(b) (1) The governing board of a company shall adopt an investment policy consistent with the provisions of this subchapter.

(2) The governing board shall deliver to the Bank Commissioner a copy of the company's investment policy within thirty (30) days after its adoption.

(c) No company under this subchapter shall receive money on deposit.

Section: Previous  15-4-1016  15-4-1017  15-4-1018  15-4-1019  15-4-1022  15-4-1023  15-4-1024  15-4-1025  15-4-1026  15-4-1027  15-4-1028  15-4-1029  15-4-1030  15-4-1031    Next

Last modified: November 15, 2016