Public-domain · open source
OpenJurist

Ark. Code Ann. § 4-86-104

Interest on deposits for freight and parcel delivery services

Acts 1991, No. 422, §§ 1, 2.

(1) 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.

(2) The annual rate of interest shall be ten percent (10%) per year and shall be paid on or before December 31 of each year.

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.