{"data":{"id":"us-ar/ark.-code-ann.-15-20-803","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 15-20-803","heading":"Commission to retain financial advisor","body":"Prior to the sale, pledge, or other use of the loans or undivided interests in pools of loans, the Arkansas Natural Resources Commission shall retain the services of a financial advisor who shall render, prior to the closing of the contemplated transaction, a fairness opinion which shall verify that:\n\n(1) The loans are properly valued;\n\n(2) The transaction enhancements, if any, are not excessive or unreasonable; and\n\n(3) The terms and conditions of the contemplated transaction are fair and reasonable.","path":["AR Code","Title 15","Chapter 20","Subchapter 8"],"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 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"a5448d7061c71e41c3b9ff29830070935852233b4379e322f331e671b6a2b6a7","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-15-20-802","next":"us-ar/ark.-code-ann.-15-20-804"},"notice":"GroundRules: Original legal text. Not legal advice."}