Arkansas Code
Subchapter 2 - Unclaimed Property Act
§ 18-28-221. Retention of records

(a) Except as otherwise provided in subsection (b), a holder required to file a report under § 18-28-207 shall maintain the records containing the information required to be included in the report for ten (10) years after the holder files the report, unless a shorter period is provided by rule of the administrator.
(b) A business association or financial organization that sells, issues, or provides to others for sale or issue in this state, traveler's checks, money orders, or similar instruments other than third-party bank checks, on which the business association or financial organization is directly liable, shall maintain a record of the instruments while they remain outstanding, indicating the state and date of issue, for three (3) years after the holder files the report.

Structure Arkansas Code

Arkansas Code

Title 18 - Property

Subtitle 3 - Personal Property

Chapter 28 - Unclaimed Property

Subchapter 2 - Unclaimed Property Act

§ 18-28-201. Definitions

§ 18-28-202. Presumptions of abandonment

§ 18-28-203. Contents of safe deposit box or other safekeeping depository

§ 18-28-204. Rules for taking custody

§ 18-28-205. Dormancy charge

§ 18-28-206. Burden of proof as to property evidenced by record of check or draft

§ 18-28-207. Report of abandoned property

§ 18-28-208. Payment or delivery of abandoned property

§ 18-28-209. Notice and publication of lists of abandoned property

§ 18-28-210. Custody by state — Recovery by holder — Defense of holder

§ 18-28-211. Crediting of dividends, interest, and increments to owner's account

§ 18-28-212. Public sale of abandoned property

§ 18-28-213. Deposit of funds. — Definition

§ 18-28-214. Claim of another state to recover property

§ 18-28-215. Filing claim with administrator — Handling of claims by administrator

§ 18-28-216. Action to establish claim

§ 18-28-217. Election to take payment or delivery

§ 18-28-218. Destruction or disposition of property having no substantial commercial value — Immunity from liability

§ 18-28-219. Periods of limitation

§ 18-28-220. Requests for reports and examination of records

§ 18-28-221. Retention of records

§ 18-28-222. Enforcement

§ 18-28-223. Interstate agreements and cooperation — Joint and reciprocal actions with other states

§ 18-28-224. Interest and penalties

§ 18-28-225. Agreement to locate property

§ 18-28-226. Foreign transactions

§ 18-28-227. Transitional provisions

§ 18-28-228. Rules

§ 18-28-229. Uniformity of application and construction

§ 18-28-230. Periods of limitation not a bar

§ 18-28-231. Escheatment — United States savings bond