Arkansas § 14-188-118 - Security for deposits.
Full text of Arkansas Arkansas Code of 1987 Annotated § 14-188-118 — Security for deposits., with citation guidance and answers to common questions.
§ 14-188-118. Security for deposits.
A rural development authority shall provide by resolution that all moneys deposited by it shall be secured by: Obligations of the United States or of the state of a market value equal at all times to the amount of the deposits; Any securities in which savings banks may legally invest funds within their control; An undertaking with such sureties as shall be approved by the authority faithfully to keep and pay over upon the order of the authority any such deposits and agreed interest on them; or Other obligations allowed by law. All banks and trust companies are authorized to give any such security for such deposits.
Frequently Asked Questions About Arkansas § 14-188-118
What does Arkansas Code of 1987 Annotated § 14-188-118 cover?
Section 14-188-118 ("Security for deposits.") 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 § 14-188-118?
A common citation format is "Arkansas Code of 1987 Annotated § 14-188-118" (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 § 14-188-118 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.