{"data":{"id":"us-ar/ark.-code-ann.-24-9-206","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 24-9-206","heading":"Certificates of deposit","body":"When a governing body of a trust shall decide to invest moneys belonging to the trust in certificates of deposit, the following conditions must be met:\n\n(1) The certificate of deposit must be issued in the name of the trust;\n\n(2) The certificate, when received, must be maintained at the office of the board of trustees or in the trust department of a firm normally engaged in providing trust services; and\n\n(3) Subsequent to the purchasing of a certificate of deposit, the board of trustees shall be required to request confirmation of the validity of the certificate directly from the issuing bank.","path":["AR Code","Title 24","Chapter 9","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":"d67b0aca9202f73a4088009fea075adbc1bcc05b18caca60183159de54332188","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-24-9-205","next":"us-ar/ark.-code-ann.-24-9-207"},"notice":"GroundRules: Original legal text. Not legal advice."}