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12-62-708. Fines and penalties on contracts.
Arkansas Code — all titles (historical 2020) · legal_authorities
12-62-708. Fines and penalties on contracts.
(a) If compliance with the terms of a contract is stayed under this subchapter, a fine or penalty may not accrue by reason of failure to comply during the period of the stay.
(b) If a service member has not obtained a stay and a fine or penalty is imposed for nonperformance of an obligation, a court may relieve enforcement if the service member was in military service when the penalty was incurred and his or her ability to pay or perform was materially impaired.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 12-62-708
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:12-62-708
Source file: gov.ar.code.title.12.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 7bae72477faadbfc42c52330190e534a2dd34d05b259f4c46b1cde92c5caa980
Source location: content.xml paragraph 17673
Stored source content
12-62-708. Fines and penalties on contracts.
(a) If compliance with the terms of a contract is stayed under this subchapter, a fine or penalty may not accrue by reason of failure to comply during the period of the stay.
(b) If a service member has not obtained a stay and a fine or penalty is imposed for nonperformance of an obligation, a court may relieve enforcement if the service member was in military service when the penalty was incurred and his or her ability to pay or perform was materially impaired.
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