Section 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.Acts 1955, No. 404, § 26; A.S.A. 1947, § 9-529.