§ 26-26-909 - Credits and stocks which need not be listed. - Arkansas Statutes

26-26-909. Credits and stocks which need not be listed.

(a) No person shall be required to list a greater portion of any credits than he believes will be acquired or can be collected, nor any greater portion of any obligation given to secure the payment of rent than the amount of rent that shall have accrued on the lease and shall remain due and unpaid at the time of listing.

(b) No person shall be required to include in his statement, as a part of the personal property, moneys, credits, investments in bonds, stocks, joint-stock companies, or otherwise, which he is required to list, any share or portion of the capital stock or property of any company or corporation which is required to list or return its capital and property for taxation in this state.