Arkansas Code § 4-86-104

Interest on deposits for freight and parcel delivery services
Open in Lexace · Ask the AI about this section
(a) Whenever any person, company, or corporation furnishing customers with freight or parcel delivery service shall require a deposit from the customer before the delivery service will be supplied to him or her, the person putting up the deposit shall receive interest annually on the deposit until it is returned to the customer, provided all bills due for services furnished have been paid by the customer. (b) The annual rate of interest shall be ten percent (10%) per year and shall be paid on or before December 31 of each year. Acts 1991, No. 422, §§ 1, 2.
(a) Whenever any person, company, or corporation furnishing customers with freight or parcel delivery service shall require a deposit from the customer before the delivery service will be supplied to him or her, the person putting up the deposit shall receive interest annually on the deposit until it is returned to the customer, provided all bills due for services furnished have been paid by the customer. (b) The annual rate of interest shall be ten percent (10%) per year and shall be paid on or before December 31 of each year. Acts 1991, No. 422, §§ 1, 2.
(a) Whenever any person, company, or corporation furnishing customers with freight or parcel delivery service shall require a deposit from the customer before the delivery service will be supplied to him or her, the person putting up the deposit shall receive interest annually on the deposit until it is returned to the customer, provided all bills due for services furnished have been paid by the customer. (b) The annual rate of interest shall be ten percent (10%) per year and shall be paid on or before December 31 of each year. Acts 1991, No. 422, §§ 1, 2.
(a) Whenever any person, company, or corporation furnishing customers with freight or parcel delivery service shall require a deposit from the customer before the delivery service will be supplied to him or her, the person putting up the deposit shall receive interest annually on the deposit until it is returned to the customer, provided all bills due for services furnished have been paid by the customer.
(b) The annual rate of interest shall be ten percent (10%) per year and shall be paid on or before December 31 of each year.
Acts 1991, No. 422, §§ 1, 2.

‹ Prev All Arkansas sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.