Arkansas § 15-4-104 - Bond guaranty programs for employee stock purchases.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-4-104 — Bond guaranty programs for employee stock purchases., with citation guidance and answers to common questions.
§ 15-4-104. Bond guaranty programs for employee stock purchases.
When an Arkansas-based employee stock ownership plan buys at least twenty percent (20%) of the stock of an Arkansas-based business entity formed under Arkansas law and the Director of the Arkansas Economic Development Commission determines that had it not been for the purchase by the employee stock ownership plan that Arkansas jobs would have been lost, the Arkansas-based business entity shall be qualified for any bond guaranty programs administered by the Arkansas Economic Development Commission or the Arkansas Development Finance Authority. The commission and the authority shall promulgate rules necessary for the implementation of this section.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 15-4-104
What does Arkansas Code of 1987 Annotated § 15-4-104 cover?
Section 15-4-104 ("Bond guaranty programs for employee stock purchases.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 15-4-104?
A common citation format is "Arkansas Code of 1987 Annotated § 15-4-104" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 15-4-104 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.