Unless set forth in the ordinance, obligation, or short-term financing agreement, all obligations issued under the provisions of this chapter are negotiable instruments within the meaning of the negotiable instruments law of the state.
Ark. Code Ann. § 14-78-107
Obligations are negotiable instruments
Known as the Local Government Short-Term Financing Obligations Act
The act spans §§ 14–14 (10 sections).
Acts 2001, No. 1808, § 7.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.