Arkansas § 15-5-305 - Authorized investors.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-5-305 — Authorized investors., with citation guidance and answers to common questions.
§ 15-5-305. Authorized investors.
Any municipality or any board, commission, or other authority duly established by ordinance of any municipality or the boards of trustees, respectively, of the firemen's relief and pension funds and the policemen's pension and relief fund of any such municipality or the board of trustees of any retirement system created by the General Assembly, in its discretion, may invest any of its funds not immediately needed for its purposes in bonds issued under the provisions of this subchapter and §§ 15-5-101 — 15-5-106, 15-5-201 — 15-5-211, and 15-5-213, and bonds issued under the provisions of this subchapter and §§ 15-5-101 — 15-5-106, 15-5-201 — 15-5-211, and 15-5-213 shall be eligible to secure the deposit of public funds. All the obligations issued under this subchapter are legal and authorized investments for: Banks; Savings banks; Trust companies; Savings and loan associations; Insurance companies; Fiduciaries; Trustees and guardians; Any municipality or any board, commission, or other authority established by ordinance of any municipality or the boards of trustees of any municipality; The firemen's relief and pension funds of any municipality; The policemen's pension and relief fund of any municipality; or The board of trustees for any retirement system created by the General Assembly.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 15-5-305
What does Arkansas Code of 1987 Annotated § 15-5-305 cover?
Section 15-5-305 ("Authorized investors.") 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 § 15-5-305?
A common citation format is "Arkansas Code of 1987 Annotated § 15-5-305" (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 § 15-5-305 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.