{"data":{"id":"us-ar/ark.-code-ann.-14-188-118","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 14-188-118","heading":"Security for deposits","body":"(a) A rural development authority shall provide by resolution that all moneys deposited by it shall be secured by: (1) Obligations of the United States or of the state of a market value equal at all times to the amount of the deposits; (2) Any securities in which savings banks may legally invest funds within their control; (3) 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 (4) Other obligations allowed by law. (b) All banks and trust companies are authorized to give any such security for such deposits. Amended by Act 2019, No. 830,§ 5, eff. 4/9/2019. Acts 1963, No. 172, § 21; A.S.A. 1947, § 20-1421.\n\n(a) A rural development authority shall provide by resolution that all moneys deposited by it shall be secured by: (1) Obligations of the United States or of the state of a market value equal at all times to the amount of the deposits; (2) Any securities in which savings banks may legally invest funds within their control; (3) 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 (4) Other obligations allowed by law.\n\n(1) Obligations of the United States or of the state of a market value equal at all times to the amount of the deposits;\n\n(2) Any securities in which savings banks may legally invest funds within their control;\n\n(3) 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\n\n(4) Other obligations allowed by law.\n\n(b) All banks and trust companies are authorized to give any such security for such deposits.","path":["AR Code","Title 14","Chapter 188"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-17","retrieved_at":"2026-09-17T21:35:43Z","sha256":"558e97104fa64ab5d20137b2d3d9ef4e2a913c99313430c6634438110d33aa30","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-14-188-117","next":"us-ar/ark.-code-ann.-14-188-119","notices":[{"id":"open-us-law","title":"Open US Law compilation","text":"Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text.","url":"https://huggingface.co/datasets/vaquill/open-us-law","license_url":"https://creativecommons.org/licenses/by/4.0/"},{"id":"pro-ar","title":"Arkansas Release 78 supplement","text":"Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows.","url":"https://archive.org/details/gov.ar.code"}]},"notice":"GroundRules: Original legal text. Not legal advice."}