Ark. Code Ann. § 24-7-402

Assets as trust fund — Custodian

Acts 1973, No. 427, § 7; 1975, No. 381, § 2; 1975, No. 839, § 2; 1977, No. 793, § 11; A.S.A. 1947, § 80-1441; Acts 2009, No. 468, § 6.

(1) All assets of the Arkansas Teacher Retirement System shall constitute a single trust fund, and the Board of Trustees of the Arkansas Teacher Retirement System shall be the trustees of the fund.

(2) The custodian of system assets shall be the Treasurer of State or other financial institutions or depositories as allowed under this subchapter.

(3) When acting as custodian of system assets, the Treasurer of State shall act in accordance with the instructions of the board.

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.