5-37-203. Defrauding a secured creditor.

Arkansas Code — all titles (historical 2020) · legal_authorities

5-37-203. Defrauding a secured creditor.

5-37-203. Defrauding a secured creditor. (a)(1) A person commits the offense of defrauding a secured creditor in the first degree if he or she destroys, removes, cancels, encumbers, transfers, or otherwise disposes of property subject to a security interest with the purpose to hinder enforcement of the security interest. (2) Defrauding a secured creditor in the first degree is a Class D felony. (b)(1) A person commits the offense of defrauding a secured creditor in the second degree if he or she uses motor vehicle insurance policy proceeds in excess of one thousand dollars ($1,000) obtained from a settlement of a property damage claim on a motor vehicle subject to a security interest in contravention of the security agreement that creates or provides for the security interest in the motor vehicle. (2) Defrauding a secured creditor in the second degree is a Class A misdemeanor.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 5-37-203

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.