Ark. Code Ann. § 23-42-201

Administration by Securities Commissioner — Conflicts of interest

Known as the Arkansas Securities Act

The act spans §§ 23-42-101 to 23-42-509 (46 sections).

Acts 1959, No. 254, §§ 18, 30; 1961, No. 248, § 10; 1973, No. 471, § 2; A.S.A. 1947, §§ 67-1252, 67-1262; Acts 2019, No. 910, § 575.

(1) This chapter shall be administered by the Securities Commissioner, who shall be appointed by the Governor and who shall serve at the pleasure of the Governor.

(2) The commissioner shall report to the Secretary of the Department of Commerce.

(3) There is created within the Department of Commerce the State Securities Department.

(4) The State Securities Department shall have all the powers and duties assigned pursuant to Acts 1983, No. 691, and all subsequent delegations of authority.

(5) No person shall serve in the State Securities Department or in the Department of Commerce working for the State Securities Department in any capacity who engages in any activities regulated under the provisions of this chapter.

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.