Commission to retain financial advisor

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Prior to the sale, pledge, or other use of the loans or undivided interests in pools of loans, the Arkansas Natural Resources Commission shall retain the services of a financial advisor who shall render, prior to the closing of the contemplated transaction, a fairness opinion which shall verify that:

  1. (1) The loans are properly valued;

  2. (2) The transaction enhancements, if any, are not excessive or unreasonable; and

  3. (3) The terms and conditions of the contemplated transaction are fair and reasonable.


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