Arkansas Code Title 23, Subtitle 2, Chapter 37, Subchapter 5 - Savings Accounts

• § 23-37-501 - Accounts of Minors.
  (a) An association and any federal association may accept savings accounts from any minor, as the sole and absolute owner of the savings account,...
• § 23-37-502 - Accounts in the Names of Two or More Persons.
  Savings accounts may be opened in any association or a federal association in the names of two (2) or more persons, either minor or...
• § 23-37-503 - Accounts of Fiduciaries.
  (a) An association or a federal association may accept savings accounts in the name of any administrator, executor, custodian, guardian, trustee, or other fiduciary,...
• § 23-37-504 - Accounts of Deceased Nonresidents.
  (a) When a savings account is held in any association or federal association by a person residing in another state or country, the account,...
• § 23-37-505 - Withdrawals Generally.
  (a) Any savings account holder may, at any time, present a written application for withdrawal of all or any part of his or her...
• § 23-37-506 - Conflicting Claims to Accounts.
  In the event an association is given notice that conflicting claims of whatever kind and nature exist to the ownership or right to withdraw...
• § 23-37-507 - Damages for Refusal to Pay Withdrawal Request.
  In the event an association wrongfully and without legal right refuses to pay a withdrawal request for a savings account, the owner of the...
• § 23-37-508 - Power of Attorney.
  An association or a federal association may recognize, or continue to recognize, the authority of an attorney in fact authorized in writing to manage...
• § 23-37-509 - Lien on Account of Borrower -- Pledge of Third Party's Account As Security on Loan.
  (a) Every association operating under this chapter or any federal association shall have a lien, without further agreement or pledge, upon all savings accounts...
• § 23-37-510 - Validity of Release or Acquittance by Officers of Corporation or Association.
  A release or acquittance signed by either the president or the secretary of any corporation or any unincorporated association, whether foreign, domestic, charitable, public,...
• § 23-37-511 - [Repealed.]
• § 23-37-512 - Legal Investments in Accounts.
  (a) Administrators, executors, guardians, trustees, and other fiduciaries, business corporations, insurance companies and charitable or educational corporations or associations, banks, credit unions, and all...

Last modified: November 15, 2016