# Ark. Code Ann. § 6-84-110: Prohibitions

> Arkansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-110

## Section

- **Citation:** Ark. Code Ann. § 6-84-110
- **Heading:** Prohibitions
- **Jurisdiction:** Arkansas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AR Code / Title 6 / Chapter 84 / Section 6-84-110

## Text

(a) (1) Total contributions to all accounts established on behalf of a particular designated beneficiary in excess of those reasonably necessary to meet the designated beneficiary's qualified higher education expenses are prohibited. (2) An employer matching contribution to the account of an employee with an account established under this chapter shall not exceed five hundred dollars ($500) per contributing employee per year. (b) (1) No account or any legal or beneficial interest in an account shall be assignable or pledged or otherwise used to secure or obtain a loan or other advancement. (2) An account or any legal or beneficial interest in an account shall not be subject to attachment, levy, or execution by any creditor of an account owner or designated beneficiary. Amended by Act 2017, No. 884,§ 12, eff. 8/1/2017. Acts 1999, No. 996, § 9; 2003, No. 515, § 1.

(a) (1) Total contributions to all accounts established on behalf of a particular designated beneficiary in excess of those reasonably necessary to meet the designated beneficiary's qualified higher education expenses are prohibited. (2) An employer matching contribution to the account of an employee with an account established under this chapter shall not exceed five hundred dollars ($500) per contributing employee per year.

(1) Total contributions to all accounts established on behalf of a particular designated beneficiary in excess of those reasonably necessary to meet the designated beneficiary's qualified higher education expenses are prohibited.

(2) An employer matching contribution to the account of an employee with an account established under this chapter shall not exceed five hundred dollars ($500) per contributing employee per year.

(b) (1) No account or any legal or beneficial interest in an account shall be assignable or pledged or otherwise used to secure or obtain a loan or other advancement. (2) An account or any legal or beneficial interest in an account shall not be subject to attachment, levy, or execution by any creditor of an account owner or designated beneficiary.

(1) No account or any legal or beneficial interest in an account shall be assignable or pledged or otherwise used to secure or obtain a loan or other advancement.

(2) An account or any legal or beneficial interest in an account shall not be subject to attachment, levy, or execution by any creditor of an account owner or designated beneficiary.

Amended by Act 2017, No. 884,§ 12, eff. 8/1/2017.

Acts 1999, No. 996, § 9; 2003, No. 515, § 1.

## Nearby sections

- [Ark. Code Ann. § 6-84-101 Title](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-101.md)
- [Ark. Code Ann. § 6-84-102 Purpose](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-102.md)
- [Ark. Code Ann. § 6-84-103 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-103.md)
- [Ark. Code Ann. § 6-84-104 Creation of Arkansas Brighter Future Fund Plan Trust](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-104.md)
- [Ark. Code Ann. § 6-84-105 Administration - Authority - Powers](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-105.md)
- [Ark. Code Ann. § 6-84-106 Investment direction](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-106.md)
- [Ark. Code Ann. § 6-84-107 Accounts](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-107.md)
- [Ark. Code Ann. § 6-84-108 Naming of designated beneficiary and transfers of accounts](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-108.md)
- [Ark. Code Ann. § 6-84-109 Account withdrawals](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-109.md)
- [Ark. Code Ann. § 6-84-110 Prohibitions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-110.md)
- [Ark. Code Ann. § 6-84-111 Funds exempt from tax - Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-111.md)
- [Ark. Code Ann. § 6-84-112 Limitation on liability](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-112.md)
- [Ark. Code Ann. § 6-84-113 Liberal construction](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-113.md)
- [Ark. Code Ann. § 6-84-114 Aspiring Scholars Matching Grant Program](https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-114.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AR_T6_C84_S6-84-110. Check the current official text before relying on it. Not legal advice.