Browse Arkansas Code titles and sections
19-3-517. Effect of proper deposits.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-3-517. Effect of proper deposits.
The deposit of State Treasury funds in accordance with §§ 19-3-507 — 19-3-516 relieves the Treasurer of State and the surety on the Treasurer of State's bond of liability for the loss of the funds by reason of the default or insolvency of a bank depository.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-3-517
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:19-3-517
Source file: gov.ar.code.title.19.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 5a14b8b630487e014d5538d058e96c0204e446536babdbab67b5174f23f8410e
Source location: content.xml paragraph 1290
Stored source content
19-3-517. Effect of proper deposits.
The deposit of State Treasury funds in accordance with §§ 19-3-507 — 19-3-516 relieves the Treasurer of State and the surety on the Treasurer of State's bond of liability for the loss of the funds by reason of the default or insolvency of a bank depository.
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.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-3-507. Bank depositories generally.
(a) Subject to the conditions and limitations provided in §§ 19-3-508 — 19-3-517, a bank or savings and loan association may be designated as a bank depository.
(b)(1) A bank or savings and loan association is not required to act as a bank depository.
(2) However, the acceptance of a deposit of State Treasury funds requires a bank depository to observe §§ 19-3-508 — 19-3-517.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-3-507
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. The source passage cites 19-3-507. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-3-516. Discontinuance as bank depository.
(a) A bank depository that refuses to cash upon presentation by the payee within thirty (30) days of issuance a state warrant of five hundred dollars ($500) or less drawn upon the State Treasury or a bank check of five hundred dollars ($500) or less issued by a state agency shall:
(1) Be discontinued immediately as a bank depository; and
(2) For a period of time determined by the State Board of Finance, be ineligible for reinstatement as a bank depository.
(b) This section does not prevent a bank depository from:
(1) Taking a reasonable time to make proper identification of the persons and signatures of payees named in warrants or checks; or
(2) Seeking indemnification for losses from cashing warrants or checks for persons other than the payees named in the warrants or checks.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-3-516
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. The source passage cites 19-3-516. This identifies an authority to review, not proof of applicability.