Browse Arkansas Code titles and sections
18-12-702. Definitions.
Arkansas Code — all titles (historical 2020) · legal_authorities
18-12-702. Definitions.
As used in this subchapter:
(1) “Available for immediate withdrawal as a matter of right” means the following:
(A) For any item or draft, when the item or draft has been submitted for collection and payment received; and
(B) For any deposited item or draft, when final settlement has occurred;
(2) “Closing and settlement services” means those services which benefit the parties to the sale, lease, encumbrance, mortgage, or creation of a secured interest in and to real property, and the receipt and disbursement of money in connection with any sale, lease, encumbrance, mortgage, or deed of trust; and
(3) “Financial institution” means an entity that is authorized under the laws of this state, another state, or the United States of America to make loans and receive deposits and has its deposits insured by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 18-12-702
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.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:18-12-702
Source file: gov.ar.code.title.18.odt
Pages: Not recorded – Not recorded
Passage SHA-256: ffff0107768f9502637c5be61da5e5902bd7c897604eb97a8fa32ac4d81fecdc
Source location: content.xml paragraph 2157
Stored source content
18-12-702. Definitions.
As used in this subchapter:
(1) “Available for immediate withdrawal as a matter of right” means the following:
(A) For any item or draft, when the item or draft has been submitted for collection and payment received; and
(B) For any deposited item or draft, when final settlement has occurred;
(2) “Closing and settlement services” means those services which benefit the parties to the sale, lease, encumbrance, mortgage, or creation of a secured interest in and to real property, and the receipt and disbursement of money in connection with any sale, lease, encumbrance, mortgage, or deed of trust; and
(3) “Financial institution” means an entity that is authorized under the laws of this state, another state, or the United States of America to make loans and receive deposits and has its deposits insured by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
No explicit source connection was found. This does not mean there are no relevant authorities.