{"data":{"id":"us-ar/ark.-code-ann.-19-9-305","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 19-9-305","heading":"Conversion privilege","body":"The refunding bonds may be issued with the privilege of conversion to a lower rate or rates of interest if the issuer receives no less and pays no more than it would receive or pay if the bonds were not converted. The conversion shall be subject to the approval of the issuer.","path":["AR Code","Title 19","Chapter 9","Subchapter 3"],"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":"a32c0fb95374769dc1f94019ccb558c54eec3197df35794ce5f831fc2f089dfb","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-19-9-304","next":"us-ar/ark.-code-ann.-19-9-306"},"notice":"GroundRules: Original legal text. Not legal advice."}