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4-86-104. Interest on deposits for freight and parcel delivery services.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-86-104. Interest on deposits for freight and parcel delivery services.
(a) Whenever any person, company, or corporation furnishing customers with freight or parcel delivery service shall require a deposit from the customer before the delivery service will be supplied to him or her, the person putting up the deposit shall receive interest annually on the deposit until it is returned to the customer, provided all bills due for services furnished have been paid by the customer.
(b) The annual rate of interest shall be ten percent (10%) per year and shall be paid on or before December 31 of each year.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-86-104
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:4-86-104
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: de4a0dd9b207f0e879cbee83a7b8a3d1e432d60a8b07c18ce50785919e67d0ec
Source location: content.xml paragraph 33684
Stored source content
4-86-104. Interest on deposits for freight and parcel delivery services.
(a) Whenever any person, company, or corporation furnishing customers with freight or parcel delivery service shall require a deposit from the customer before the delivery service will be supplied to him or her, the person putting up the deposit shall receive interest annually on the deposit until it is returned to the customer, provided all bills due for services furnished have been paid by the customer.
(b) The annual rate of interest shall be ten percent (10%) per year and shall be paid on or before December 31 of each year.
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