Arkansas Code Title 23, Subtitle 2, Chapter 47, Subchapter 3 - Agency Designation on Certificates of Deposit

• § 23-47-301 - Definitions.
  In this subchapter: (1) "Account" means a contract of deposit between a depositor and a bank, and includes a checking account, savings account, and...
• § 23-47-302 - Scope of Subchapter.
  (a) This subchapter applies to accounts in this state.(b) This subchapter does not apply to: (1) An account established for a partnership, joint venture,...
• § 23-47-303 - Forms.
  A contract of deposit that substantially contains the following form establishes an agency account, and the account is governed by the provisions of this...
• § 23-47-304 - Designation of Agent.
  (a) Unless the terms of an agency designation provide that the authority of the agent terminates on disability or incapacity of a party, the...
• § 23-47-305 - Payment to Designated Agent.
  On request of an agent under an agency designation for an account, a bank may, unless it actually knows that the authority of agency...
• § 23-47-306 - Payment to Minor.
  If a bank is required or permitted to make payment pursuant to this subchapter to a minor designated as a beneficiary, payment may be...
• § 23-47-307 - Discharge.
  (a) (1) Payment made pursuant to this subchapter in accordance with an agency account discharges the bank from all claims for amounts so paid,...
• § 23-47-308 - Setoff.
  (a) Without qualifying any other statutory right to setoff or lien and subject to any contractual provision, if a party is indebted to a...
• § 23-47-309 - Effect on Other Laws.
  This subchapter is supplemental to all laws pertaining to the deposit of funds in banks.

Last modified: November 15, 2016