1. (a)

   1. (1) Shares of stock represent ownership in a corporation.
   2. (2) Stock value is determined by the closing price.

2. (b)

   1. (1) Verification of stock value may be made by consulting the financial section of a newspaper for stock that is listed in either the New York Stock Exchange or NYSE American.
   2. (2) For stocks not listed on either exchange, that is “over the counter”, the bid price is used to determine market value.
   3. (3) If these bids are not listed in the newspaper, a local securities firm may be contacted to obtain the price.

Codification Notes: This section as promulgated prior to codification into the Code of Arkansas Rules provided as follows: “07/01/97”