Arkansas Proposal to authorize and issue subordinated convertible debentures
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FAQ
(a) A person commits false swearing if other than in an official proceeding he or she makes a false material statement, knowing it to be false, under an oath required or authorized by law or in an unsworn declaration under the Uniform Unsworn Foreign Declarations Act, § 16-2-201 et seq.
(a) The total indebtedness to any state bank of any person shall at no time exceed twenty percent (20%) of the capital base of the bank. (1) Obligations of a person as endorser or guarantor, accommodation or otherwise, of notes or other obligations shall be included in that person's loan limit.
Article 5 - Legislative Department. Section 20 - State not made defendant. The State of Arkansas shall never be made defendant in any of her courts.
