Settlement of checks at par — Exception

  1. Law
  2. Arkansas Code
  3. Public Utilities and Regulated Industries
  4. Financial Institutions And Securities
  5. Bank Powers — Subsidiaries
  6. Deposits
  7. Settlement of checks at par — Exception

Checkout our iOS App for a better way to browser and research.

  1. (a) No state bank shall settle any check drawn on it against an account with a sufficient balance otherwise than at par.

  2. (b) However, the provisions of this section shall not apply with respect to the settlement of a check sent to a state bank for special handling or as a special collection item.


Download our app to see the most-to-date content.