{"data":{"id":"us-ar/ark.-code-ann.-20-3-110","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 20-3-110","heading":"Prohibitions","body":"(a) Total contributions to the ABLE account established on behalf of a particular designated beneficiary in excess of those reasonably necessary to meet the designated beneficiary's qualified disability expenses are prohibited. (b) (1) An ABLE account or a legal or beneficial interest in an ABLE account shall not be assignable, pledged, or otherwise used to secure or obtain a loan or other advancement. (2) An ABLE account or a legal or beneficial interest in an ABLE account is not subject to attachment, levy, or execution by a creditor of an ABLE account owner or designated beneficiary. Added by Act 2015, No. 1238,§ 1, eff. 7/22/2015.\n\n(a) Total contributions to the ABLE account established on behalf of a particular designated beneficiary in excess of those reasonably necessary to meet the designated beneficiary's qualified disability expenses are prohibited.\n\n(b) (1) An ABLE account or a legal or beneficial interest in an ABLE account shall not be assignable, pledged, or otherwise used to secure or obtain a loan or other advancement. (2) An ABLE account or a legal or beneficial interest in an ABLE account is not subject to attachment, levy, or execution by a creditor of an ABLE account owner or designated beneficiary.\n\n(1) An ABLE account or a legal or beneficial interest in an ABLE account shall not be assignable, pledged, or otherwise used to secure or obtain a loan or other advancement.\n\n(2) An ABLE account or a legal or beneficial interest in an ABLE account is not subject to attachment, levy, or execution by a creditor of an ABLE account owner or designated beneficiary.","path":["AR Code","Title 20","Chapter 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":"474eed07bb018ddab411480bd5b569af2569e117f7c43beac433205974b16ff1","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-20-3-109","next":"us-ar/ark.-code-ann.-20-3-111"},"notice":"GroundRules: Original legal text. Not legal advice."}