Ark. Code § 25-1-1007

Current with legislation from 2024 Fiscal and Special Sessions.

Section 25-1-1007 - Exemption from divestment for certain investments

If an investment is subject to divestment under this subchapter but is locked into a maturity date and an early divestment would result in a financial penalty and cause a negative financial impact to the state, then the investment is exempt from divestiture under this subchapter in order to prevent financial harm to the state and ensure that the fiduciary duty for the state is met.

Amended by Act 2023, No. 760,§ 2, eff. 8/1/2023.

Added by Act 2023, No. 411,§ 1, eff. 8/1/2023.