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Arkansas Code Title 19. Public Finance § 19-3-507. Bank depositories generally

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) Subject to the conditions and limitations provided in §§ 19-3-508 -- 19-3-517, a bank or savings and loan association may be designated as a bank depository.

(b)(1) A bank or savings and loan association is not required to act as a bank depository.

(2) However, the acceptance of a deposit of State Treasury funds requires a bank depository to observe §§ 19-3-508 -- 19-3-517.

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Cite this article: FindLaw.com - Arkansas Code Title 19. Public Finance § 19-3-507. Bank depositories generally - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-19-public-finance/ar-code-sect-19-3-507/

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