Ark. Code Ann. § 23-47-206
Settlement of checks at par - Exception
Year: 2026Length: 120 wordsSubsections: 2
(a) No state bank shall settle any check drawn on it against an account with a sufficient balance otherwise than at par. (b) However, the provisions of this section shall not apply with respect to the settlement of a check sent to a state bank for special handling or as a special collection item. Acts 1997, No. 89, § 1.
(a) No state bank shall settle any check drawn on it against an account with a sufficient balance otherwise than at par.
(b) However, the provisions of this section shall not apply with respect to the settlement of a check sent to a state bank for special handling or as a special collection item.
Acts 1997, No. 89, § 1.