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Ark. Code Ann. § 16-20-108

Investment of moneys held in trust — Disposition of funds

Acts 1981, No. 279, § 1; A.S.A. 1947, § 23-112; Acts 1991, No. 404, § 1.

(1) Moneys received by a clerk of the circuit, chancery, or probate court to be held by the clerk in trust shall hereafter be invested by the clerk in an interest-bearing account, unless a court with proper jurisdiction over the fund orders otherwise.

(2) The interest earned by such account shall be paid over to the general fund of the county, in the absence of an order to the contrary from a court of competent jurisdiction.

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.