Ark. Code Ann. § 27-14-605
Credit if vehicle destroyed
Last amended: 2019Year: 2026Length: 190 words
Upon satisfactory proof to the Secretary of the Department of Finance and Administration that any motor vehicle, duly licensed, has been completely destroyed by fire or collision, the owner of the motor vehicle may be allowed, on the purchase of a new license for another motor vehicle, a credit equivalent to the unexpired portion of the cost of the original license, dating from the first day of the next month after the date of the destruction. Amended by Act 2019, No. 910,§ 4519, eff. 7/1/2019. Acts 1939, No. 386, § 23; A.S.A. 1947, § 75-260.
Upon satisfactory proof to the Secretary of the Department of Finance and Administration that any motor vehicle, duly licensed, has been completely destroyed by fire or collision, the owner of the motor vehicle may be allowed, on the purchase of a new license for another motor vehicle, a credit equivalent to the unexpired portion of the cost of the original license, dating from the first day of the next month after the date of the destruction.
Amended by Act 2019, No. 910,§ 4519, eff. 7/1/2019.
Acts 1939, No. 386, § 23; A.S.A. 1947, § 75-260.