The person securing a loan shall give his or her promissory note with interest to be established by the Board of Trustees of the University of Arkansas which shall be not less than four percent (4%) nor more than eight percent (8%) per annum.
Ark. Code Ann. § 6-81-404
Promissory note — Interest
Acts 1925, No. 115, § 3; Pope's Dig., § 13176; Acts 1955, No. 226, § 1; A.S.A. 1947, § 80-2832; Acts 1991, No. 902, § 2.
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.