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Ark. Code Ann. § 23-16-408

Staff — Real property — Debt

Acts 2005, No. 2289, § 1.

(1) The Arkansas Lifeline Individual Verification Effort Corporation shall not employ any person as a salaried employee but shall rely upon volunteers and professional services obtained by contract.

(2) No corporate asset may be used to purchase or lease any real property, nor is the corporation authorized to incur any indebtedness.

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.