(a) If the public utility fails to make refunds within thirty (30) days after the effective date of the order requiring such refunds, the Arkansas Public Service Commission shall bring suit in the name of the State of Arkansas for the use and benefit of all those entitled to a refund in any court of competent jurisdiction and shall recover the amount of all refunds due, together with interest thereon at a rate not to exceed the maximum rate otherwise allowed by law, and all court costs.
(b) No suit to recover the refunds shall be maintained unless instituted within two (2) years after the final determination.
(c) The amount recovered shall be paid to the clerk of the court where the suit was pending, and it shall be the clerk's duty to distribute the amount recovered to the persons entitled thereto as directed by the order of judgment of the court.
Section: Previous 23-4-409 23-4-410 23-4-411 23-4-412 23-4-413 23-4-414 23-4-415 23-4-416 23-4-417 23-4-418 23-4-419 23-4-420 23-4-421 23-4-422 NextLast modified: November 15, 2016