Any contract of sale for the future delivery of cotton, grain, stocks, or other commodities which is to be settled according to, or upon the basis of, the public market quotation or prices made on any board of trade, exchange, or similar institution, upon which contracts of sale for future delivery are executed and dealt in without any actual bona fide execution and the carrying out or discharge of the contracts upon the floor of the exchange, board of trade, or similar institution, in accordance with the rules thereof, shall be null and void and unenforceable in any court of this state, and no action shall lie thereon at the suit of any party thereto.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 44 - Commodities Futures
§ 23-44-103. Requirements for validity of contracts
§ 23-44-104. Recovery of advances under contract
§ 23-44-105. Bucket shop contracts void
§ 23-44-106. Bucket shops prohibited
§ 23-44-107. Exchanges and boards of trade — Organization — Records
§ 23-44-108. Exchanges and boards of trade — Use of public or private wires
§ 23-44-109. Written statement to be furnished upon demand — Effect of noncompliance