Opinion No.

The Honorable Mac Dodson, Commissioner Arkansas Securities Department Heritage West Building, Suite 300 201 E. Markham Little Rock, Arkansas 72201-1692

Dear Commissioner Dodson:

This official Attorney General opinion is rendered in response to your recent request that I reconsider the conclusions reached in Opinion No.96-357, in light of new information. You have also presented an additional question that was not addressed in Opinion No. 96-357.

Because the questions that you have presented require discussion of A.C.A. § 23-35-401(b)(1) and (c), I will begin by setting forth the provisions of…