In the event an association is given notice that conflicting claims of whatever kind and nature exist to the ownership or right to withdraw a savings account, the association may, at its option, without liability, withhold paying any withdrawals from the account until it receives a written withdrawal request executed by all the claimants to the savings account.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 37 - Savings And Loan Associations
Subchapter 5 - Savings Accounts
§ 23-37-501. Accounts of minors
§ 23-37-502. Accounts in the names of two or more persons
§ 23-37-503. Accounts of fiduciaries
§ 23-37-504. Accounts of deceased nonresidents
§ 23-37-505. Withdrawals generally
§ 23-37-506. Conflicting claims to accounts
§ 23-37-507. Damages for refusal to pay withdrawal request
§ 23-37-508. Power of attorney
§ 23-37-509. Lien on account of borrower — Pledge of third party's account as security on loan
§ 23-37-510. Validity of release or acquittance by officers of corporation or association