Statutes > Arkansas Statutes > Title 15 - Natural Resources and Economic Development > Subtitle 1 - Development Of Economic And Natural Resources Generally > Chapter 4 - Development Of Business And Industry Generally > Subchapter 5 - Industrial Development Corporations > § 15-4-515 - Exemption from Arkansas Securities Act.

§ 15-4-515 - Exemption from Arkansas Securities Act.

15-4-515. Exemption from Arkansas Securities Act.

Whenever any corporation organized under this act borrows money, the bonds of the corporation or its other obligations issued to evidence such indebtedness shall be exempt from the provisions of the Arkansas Securities Act, 23-42-101 et seq.