Ark. Code Ann. § 20-3-112
This is the official text of Ark. Code Ann. § 20-3-112, part of Arkansas’s Code Ann — part of the compiled statutory law of Arkansas, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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Limitation on liability
Official statutory text
Neither the Achieving a Better Life Experience Program, the Achieving a Better Life Experience Program Committee and each of its members, nor the state shall: (1) Insure any ABLE account or guarantee any rate of return or any interest rate on any contribution; (2) Be liable for any loss incurred by any person as a result of participating in the program under this chapter; or (3) Be deemed to be a guarantor of a positive return on a contribution under this chapter. Added by Act 2015, No. 1238,§ 1, eff. 7/22/2015.
Neither the Achieving a Better Life Experience Program, the Achieving a Better Life Experience Program Committee and each of its members, nor the state shall:
(1) Insure any ABLE account or guarantee any rate of return or any interest rate on any contribution;
(2) Be liable for any loss incurred by any person as a result of participating in the program under this chapter; or
(3) Be deemed to be a guarantor of a positive return on a contribution under this chapter.
Added by Act 2015, No. 1238,§ 1, eff. 7/22/2015.
Neither the Achieving a Better Life Experience Program, the Achieving a Better Life Experience Program Committee and each of its members, nor the state shall:
(1) Insure any ABLE account or guarantee any rate of return or any interest rate on any contribution;
(2) Be liable for any loss incurred by any person as a result of participating in the program under this chapter; or
(3) Be deemed to be a guarantor of a positive return on a contribution under this chapter.
Added by Act 2015, No. 1238,§ 1, eff. 7/22/2015.
Status: in_force
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