Arkansas Code Title 24, Chapter 9, Subchapter 2 - Investment of Pension and Trust Funds
- § 24-9-201 - Legislative Intent.
Authorized investments of moneys by the governing bodies of the various trust funds within this state are now provided by law. It is not...
- § 24-9-202 - Definition.
As used in this subchapter, unless the context otherwise requires, "trust funds" means all assets and holdings of the various firemen's and policemen's pension...
- § 24-9-203 - Applicability.
This subchapter shall apply to all funds as defined in ยง 24-9-202 and administered by any political subdivision of this state.
- § 24-9-204 - Employment of Trust Administrators.
(a) By board action, the board of trustees may employ a commercial firm normally engaged in providing trust services, if each employee of the...
- § 24-9-205 - Bank Accounts.
When the governing body of a trust deposits money of that trust in a commercial bank account or in a trust account of a...
- § 24-9-206 - Certificates of Deposit.
When a governing body of a trust shall decide to invest moneys belonging to the trust in certificates of deposit, the following conditions must...
- § 24-9-207 - Registered Securities.
(a) (1) When the governing body of a trust decides to invest trust moneys in registered securities, all the securities purchased shall be issued...
- § 24-9-208 - Negotiable Securities.
(a) When the board of trustees of a trust decides to invest trust moneys in negotiable securities, the board shall purchase the securities from...
- § 24-9-209 - Listing of Securities.
(a) The board shall maintain a detailed listing of all securities owned by the trust.(b) Purchases and sales of securities shall be by official...
Last modified: November 15, 2016