Arkansas § 6-81-205 - Sale of securities.
Full text of Arkansas Arkansas Code of 1987 Annotated § 6-81-205 — Sale of securities., with citation guidance and answers to common questions.
§ 6-81-205. Sale of securities.
Whenever moneys made available to the Student Loan Guarantee Foundation of Arkansas under the provisions of this subchapter are insufficient to meet cash obligations of the foundation pursuant to applicable federal laws, the foundation is authorized to sell for cash any securities transferred to the foundation under the provisions of this subchapter, except the notes or other obligations received by the foundation as evidence of loans made by the Arkansas Student Loan Board. Before selling any such securities, the foundation shall notify the Chief Fiscal Officer of the State of its intent to sell the securities. The Chief Fiscal Officer of the State shall establish the procedures which the foundation shall follow with respect to the sale of any securities. The Chief Fiscal Officer of the State, before any sale is final, shall give his or her written approval thereof.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 6-81-205
What does Arkansas Code of 1987 Annotated § 6-81-205 cover?
Section 6-81-205 ("Sale of securities.") 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 § 6-81-205?
A common citation format is "Arkansas Code of 1987 Annotated § 6-81-205" (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 § 6-81-205 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.