(a) No state bank shall settle any check drawn on it against an account with a sufficient balance otherwise than at par.
(b) However, the provisions of this section shall not apply with respect to the settlement of a check sent to a state bank for special handling or as a special collection item.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 2 - Financial Institutions And Securities
Chapter 47 - Bank Powers — Subsidiaries
§ 23-47-201. Notice of rules governing deposits
§ 23-47-202. Deposits by minors
§ 23-47-203. Securing of deposits
§ 23-47-204. Deposit accounts — Definitions
§ 23-47-205. Adverse claim to deposit
§ 23-47-206. Settlement of checks at par — Exception
§ 23-47-207. Payment of overdrafts — Liability of officer or employee