These legal documents, part of the Arkansas Code under the Uniform Commercial Code, govern bank deposits and collections. They discuss the variation by agreement, measure of damages, and action constituting ordinary care in this context. The provisions can be varied by agreement, but a bank cannot disclaim responsibility for lack of good faith or failure to exercise ordinary care, nor can they limit the measure of damages for such lack or failure.

These legal documents, found in the Arkansas Code under Business and Commercial Law, specifically in the Uniform Commercial Code section on Funds Transfers, govern various aspects of funds transfers and payment orders. They provide definitions and regulations related to payment orders and funds transfers, including the obligations of receiving banks, the rights and obligations of parties involved in a funds transfer, and the choice of law in funds transfers. The documents apply to banks, customers, and other entities involved in funds transfers.

This legal document found in the Arkansas Code under Business and Commercial Law governs the liability for restitution in cases where a check is issued but not paid due to insufficient funds. It applies to holders of ‘hot checks’ who are entitled to recover the increasing costs associated with processing and collecting on these checks. The document declares an emergency and highlights the inadequacy of current law in allowing adequate recovery of these costs.

The Arkansas Equal Consumer Credit Act of 1975, also known as the Arkansas Equal Consumer Credit Act, prohibits creditors and credit card issuers from discriminating against individuals based on sex or marital status in consumer credit transactions. The Act applies to all creditors and credit card issuers in Arkansas. It establishes that any action brought under the Act can be filed in any court of competent jurisdiction in the state within one year from the date of the violation.

This legal document governs secured transactions under the Uniform Commercial Code (UCC). It applies to creditors and debtors involved in transactions where a security interest is taken in personal property to secure the payment or performance of an obligation. The document outlines various provisions related to the creation, perfection, and enforcement of security interests, as well as the rights and obligations of the parties involved. It also provides rules for determining priority among competing security interests.

This legal document pertains to the regulation of gambling activities in the state of Arkansas. It applies to all individuals and entities involved in gambling within the state. The document does not mention any specific exemptions. Penalties for violating gambling laws can include fines and imprisonment, depending on the nature of the offense. The document provides cross-references to other related laws and includes information on effective dates of previous acts. It also references emergency clauses that declare the need for immediate action to address issues related to gambling.

This section of the Arkansas Scholarship Lottery Act provides definitions for various terms used in the act. Some of the defined terms include ‘administrative expenses’, ‘administrative order’, ‘casino gambling’, ‘compensation’, ‘female-owned business’, ‘fiscal impact statement’, ‘gift’, ‘immediate family’, ‘incompetence’, ’license’, ’lobbying’, ’local government’, ’lottery’, ’lottery proceeds’, ‘major procurement contract’, ‘member of a minority’, ‘minority-owned business’, ‘multidraw screen-based lottery game’, ‘multistate or multisovereign lottery’, ’net proceeds’, ’nonlottery state educational resources’, ‘operating expenses’, ‘person’, ‘prize promotion’, ‘public official’, ‘retailer’, ‘share’, ’ticket’, ‘unclaimed lottery prize money’, ‘vendor’, ‘video lottery’, and ‘super retailer’.

This legal document outlines the internal control and annual audit requirements for the Office of the Arkansas Lottery. The Office is responsible for establishing and maintaining effective internal controls over financial reporting and fraud prevention. The Director of the Office is required to approve a formal three-year audit plan and review it annually. The Office is also required to include provisions in contracts or licenses with vendors or retailers to allow Arkansas Legislative Audit access to audit their computer systems.

This legal document governs the process of merging banks, bank holding companies, or savings and loan associations into state banks in Arkansas. The merger requires approval from the Bank Commissioner and the State Banking Board, along with compliance with applicable state or federal laws. The plan of merger must include the names of the parties involved, the resulting entities, and the terms and conditions of the merger. If multiple entities result from the merger, the plan must also specify the allocation of assets, the party responsible for paying the fair value of shares, and the allocation or discharge of liabilities and obligations.

This legal document governs the merger of a wholly owned Arkansas bank holding company into a state bank. It states that with the approval of the Bank Commissioner, a wholly owned Arkansas bank holding company that owns all the outstanding shares of a subsidiary state bank can be merged into the bank without the approval of the shareholders of either entity. The board of directors of both the holding company and the state bank must adopt a plan of merger that includes the names of the entities and the manner and basis of converting the holding company’s shares into shares of the state bank.