Upon satisfactory proof to the Secretary of the Department of Finance and Administration that any motor vehicle, duly licensed, has been completely destroyed by fire or collision, the owner of the vehicle may be allowed, on the purchase of a new license for another vehicle, a credit equivalent to the unexpired portion of the cost of the original license, dating from the first day of the next month after the date of the destruction.
Ark. Code Ann. § 27-14-605
Credit if vehicle destroyed
Known as the Motor Vehicle Administration, Certificate of Title, and Antitheft Act
The act spans §§ 27–27 (209 sections).
Acts 1939, No. 386, § 23; A.S.A. 1947, § 75-260; Acts 2019, No. 910, § 4519.
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.