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4-56-101. Attorney's fees.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-56-101. Attorney's fees.
(a) A provision in a promissory note for the payment of reasonable attorney's fees, not to exceed ten percent (10%) of the amount of principal due, plus accrued interest, for services actually rendered in accordance with its terms is enforceable as a contract of indemnity.
(b) This section shall apply only to notes executed from and after June 7, 1951.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-56-101
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:4-56-101
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 5024aa7f9ef68efd38eecd1536ed42a202f08bf8a7981434fa8b709bd6965a77
Source location: content.xml paragraph 28636
Stored source content
4-56-101. Attorney's fees.
(a) A provision in a promissory note for the payment of reasonable attorney's fees, not to exceed ten percent (10%) of the amount of principal due, plus accrued interest, for services actually rendered in accordance with its terms is enforceable as a contract of indemnity.
(b) This section shall apply only to notes executed from and after June 7, 1951.
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