Legal Opinions

Year 2003


12044-CS
12/5/2003

ACE CASH EXPRESS, INC.

Request that no enforcement action be taken against Ace Cash Express, Inc. for engaging in certain activities, including a debit card program, without being licensed under the Arkansas Sale of Checks Act, Ark. Code Ann. § 23-41-101.

03-90000317-NA016
10/20/2003

H.M.I. RECYCLING & DISPOSAL, INC.

Request for no action to enforce registration provisions of the Arkansas Securities Act with respect to the sale of common stock of H.M.I. Recycling & Disposal, Inc under Rule 504.01(a)(12)(k).

03-90000316-NA015
10/1/2003

INTEGRATED PAYMENT SYSTEMS

Request for the Department to consider "depository institution agent receivables" from "federally regulated depository institutions" as permissible investments according to Ark. Code Ann. § 23-41-117(b)(1) or Ark. Code Ann. § 23-41-117(b)(2)(H).

03-90000313-NA012
6/6/2003

AIG LIQUIDITY CORP.

Request that no action be taken to enforce the registration provisions of the Arkansas Securities Act, Ark. Code Ann. § 23-42-101 as they pertain to the issuance of Liquid Facility Obligations and provide exemption under Ark. Code Ann. § 23-42-503(a)(1)(A).

03-900000310-NA010
6/6/2003

FINANCIAL HOLDING COMPANIES

Response to question pertaining to whether the provisions of Ark. Code Ann. § 23-42-503(a)(3) exempting from Ark. Code Ann. § 23-42-501 and 502 regarding any security issued by and representing an interest in or a debt of any bank organized under the laws of the United States.

03-90000308-NA008
5/14/2003

BIG CYPRESS LAND & TIMBER COMPANY, LLC.

Request for guidance concerning the issuance of membership interests in Big Cypress Land & Timber Company, LLC.  Also, a request for a no action position on the issuance of the membership interests based on Ark. Code. § 23-42-102(15).


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