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ARKANSAS STATUTES AND CODES
§ 19-3-513 - Interest income on deposits.
19-3-513. Interest income on deposits.
(a) Interest from time to time due by each depository on demand deposit accounts and certificates of deposit shall be paid and transmitted on each due date to and in the manner authorized and prescribed by the Treasurer of State.
(b) All such interest income shall be classified as trust fund income, and the net amount thereof shall be credited to the Securities Reserve Fund.
(a) Interest from time to time due by each depository on demand deposit accounts and certificates of deposit shall be paid and transmitted on each due date to and in the manner authorized and prescribed by the Treasurer of State.
(b) All such interest income shall be classified as trust fund income, and the net amount thereof shall be credited to the Securities Reserve Fund.
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