{"data":{"id":"us-ar/ark.-code-ann.-24-2-205","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 24-2-205","heading":"Purchase of obligations not cancellation - Trust","body":"(a) All obligations purchased or received shall be held in trust for the use and benefit of the system, which trust shall be subject only to the right of the board of trustees to sell or otherwise dispose of the obligations as provided in the various plans.\n\n(b) No purchase or receipt of obligations by a board of trustees shall ever be construed as a cancellation of the obligations so purchased or received.","path":["AR Code","Title 24","Chapter 2","Subchapter 2"],"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":"dd6a45a9ae65d1a9b734fea235c6bf35c0ff215b6d0586f45bd7e11f35ab9063","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-24-2-204","next":"us-ar/ark.-code-ann.-24-2-206"},"notice":"GroundRules: Original legal text. Not legal advice."}