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Ark. Code Ann. § 23-114-502

Withdrawals from a bingo and raffle account

Known as the Charitable Bingo and Raffles Enabling Act

The act spans §§ 23-114-101 to 23-114-706 (43 sections).

Acts 2007, No. 388, § 1.

(1) Funds from the bingo and raffle account shall be withdrawn by preprinted, consecutively numbered checks or withdrawal slips, signed by an authorized representative of the licensed authorized organization and made payable to a person.

(2) A check or withdrawal slip shall not be made payable to “cash”, “bearer”, or a fictitious payee.

(3) The nature of the payment made shall also be noted on the face of the check or withdrawal slip.

(4) The checks for the bingo and raffle account shall be imprinted with the words “Bingo and Raffle Account” and shall contain the licensed authorized organization's bingo and raffle license number on the face of each check.

(5) A licensed authorized organization shall keep and account for all checks and withdrawal slips, including voided checks and withdrawal slips.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.