Arkansas § 6-20-902 - Certificates generally.
Full text of Arkansas Arkansas Code of 1987 Annotated § 6-20-902 — Certificates generally., with citation guidance and answers to common questions.
§ 6-20-902. Certificates generally.
In order to obtain funds needed for the proper operation of its Revolving Loan Program, the State Board of Education is authorized to issue from time to time certificates of indebtedness. The aggregate principal amount of all certificates outstanding at one time may not exceed five million dollars ($5,000,000). The certificates may be in such form and denominations, may have such date, may mature at such time, may bear interest payable at such times and at such rates, may be payable at such place or places, may be subject to such terms of redemption before maturity at such prices, and may contain such other terms and provisions as the state board shall determine. The certificates shall be negotiable instruments under the laws of the State of Arkansas.
Frequently Asked Questions About Arkansas § 6-20-902
What does Arkansas Code of 1987 Annotated § 6-20-902 cover?
Section 6-20-902 ("Certificates generally.") 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 § 6-20-902?
A common citation format is "Arkansas Code of 1987 Annotated § 6-20-902" (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 § 6-20-902 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.