Legal Opinion

Opinion No.

Arkansas Attorney General Reports

Decided October 20, 2003Published

1Opinion of the Court

Dr. Leslie Wyatt, President Arkansas State University P.O. Box 10 Jonesboro, AR 72467-0010

Dear Dr. Wyatt:

I am writing in response to your request for my opinion on a question arising from the following reported facts:

Arkansas State University is contemplating a land acquisition at fair market value based on a recent appraisal. The transaction is with a private 501 — c-3 Foundation in Jonesboro, the Arkansas State College Foundation. The Directors of the Foundation have inserted the following paragraph in their counteroffer to the University:

"The Directors of the Foundation are insistent that…

2Cases cited16 opinions

  1. Brodhead v. City of MilwaukeeWisconsin Supreme Court · 1865
  2. Chandler v. Board of Trustees of the Teacher Retirement SystemSupreme Court of Arkansas · 1963
  3. Samples v. GradySupreme Court of Arkansas · 1944
  4. Commercial Printing Co. v. RushSupreme Court of Arkansas · 1977
  5. Cotten v. FooksSupreme Court of Arkansas · 2001

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