(a) The board shall maintain a detailed listing of all securities owned by the trust.
(b) Purchases and sales of securities shall be by official board action documented in the board minutes.
Structure Arkansas Code
Title 24 - Retirement And Pensions
Chapter 9 - Local Pension Funds Generally
Subchapter 2 - Investment of Pension and Trust Funds
§ 24-9-201. Legislative intent
§ 24-9-204. Employment of trust administrators
§ 24-9-206. Certificates of deposit
§ 24-9-207. Registered securities