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23-37-507. Damages for refusal to pay withdrawal request.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-37-507. Damages for refusal to pay withdrawal request.
In the event an association wrongfully and without legal right refuses to pay a withdrawal request for a savings account, the owner of the savings account shall be entitled to recover damages from the association equal to interest at the legal rate prescribed by the laws of this state from the date the withdrawal request was refused. The owner shall not be entitled to recover from the association any special damages of whatever kind or nature.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-37-507
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. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-37-507
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 07f969775faf912886493fb55d81ea57d1d4071b060da46eab366ddf493fde70
Source location: content.xml paragraph 17943
Stored source content
23-37-507. Damages for refusal to pay withdrawal request.
In the event an association wrongfully and without legal right refuses to pay a withdrawal request for a savings account, the owner of the savings account shall be entitled to recover damages from the association equal to interest at the legal rate prescribed by the laws of this state from the date the withdrawal request was refused. The owner shall not be entitled to recover from the association any special damages of whatever kind or nature.
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