Arkansas § 15-4-403 - Definitions.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-4-403 — Definitions., with citation guidance and answers to common questions.
§ 15-4-403. Definitions.
As used in this subchapter: “Council” means the Arkansas Economic Development Council; “Division” means the Division of Minority Business Enterprise of the Arkansas Economic Development Commission; “Small business concern” means small business firms in this state owned and operated by: Socially and economically disadvantaged individuals who are qualified to receive federally secured loans through small business investment companies licensed by the United States Small Business Administration; and Small business firms owned and operated by persons of limited financial means; and “Small business investment company” means a small business investment company organized and chartered under the business corporation or nonprofit corporation statutes of this state or formed as a limited partnership for the purpose of making investment loans for capital improvements and expansion to persons whose participation in the free enterprise system is hampered because of social or economic disadvantages, as authorized in 15 U.S.C. § 681(d) [repealed], or because of limited financial means.
Frequently Asked Questions About Arkansas § 15-4-403
What does Arkansas Code of 1987 Annotated § 15-4-403 cover?
Section 15-4-403 ("Definitions.") 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 § 15-4-403?
A common citation format is "Arkansas Code of 1987 Annotated § 15-4-403" (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 § 15-4-403 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.