Except as otherwise provided for items in Chapter 4, an instrument is payable at the place of payment stated in the instrument. If no place of payment is stated, an instrument is payable at the address of the drawee or maker stated in the instrument. If no address is stated, the place of payment is the place of business of the drawee or maker. If a drawee or maker has more than one (1) place of business, the place of payment is any place of business of the drawee or maker chosen by the person entitled to enforce the instrument. If the drawee or maker has no place of business, the place of payment is the residence of the drawee or maker.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Chapter 3 - Negotiable Instruments
Part 1 - General Provisions and Definitions
§ 4-3-104. Negotiable instrument
§ 4-3-105. Issue of instrument
§ 4-3-106. Unconditional promise or order
§ 4-3-107. Instrument payable in foreign money
§ 4-3-108. Payable on demand or at definite time
§ 4-3-109. Payable to bearer or to order
§ 4-3-110. Identification of person to whom instrument is payable
§ 4-3-114. Contradictory terms of instrument
§ 4-3-115. Incomplete instrument
§ 4-3-116. Joint and several liability — Contribution
§ 4-3-117. Other agreements affecting instrument