Ark. Code Ann. § 19-3-507: Bank depositories generally

(a) Subject to the conditions and limitations provided in §§ 19-3-508 - 19-3-517 , a bank or savings and loan association may be designated as a bank depository. (b) (1) A bank or savings and loan association is not required to act as a bank depository. (2) However, the acceptance of a deposit of State Treasury funds requires a bank depository to observe §§ 19-3-508 - 19-3-517 . Amended by Act 2013, No. 1088,§ 2, eff. 8/16/2013. Acts 1997, No. 847, § 1.

(a) Subject to the conditions and limitations provided in §§ 19-3-508 - 19-3-517 , a bank or savings and loan association may be designated as a bank depository.

(b) (1) A bank or savings and loan association is not required to act as a bank depository. (2) However, the acceptance of a deposit of State Treasury funds requires a bank depository to observe §§ 19-3-508 - 19-3-517 .

(1) A bank or savings and loan association is not required to act as a bank depository.

(2) However, the acceptance of a deposit of State Treasury funds requires a bank depository to observe §§ 19-3-508 - 19-3-517 .