Arkansas Code Title 4, Subtitle 1, Chapter 3, Part 3 - Enforcement of Instruments

• § 4-3-301 - Person Entitled to Enforce Instrument.
  "Person entitled to enforce" an instrument means (i) the holder of the instrument, (ii) a nonholder in possession of the instrument who has the...
• § 4-3-302 - Holder in Due Course.
  (a) Subject to subsection (c) and § 4-3-106(d), "holder in due course" means the holder of an instrument if: (1) the instrument when issued...
• § 4-3-303 - Value and Consideration.
  (a) An instrument is issued or transferred for value if: (1) the instrument is issued or transferred for a promise of performance, to the...
• § 4-3-304 - Overdue Instrument.
  (a) An instrument payable on demand becomes overdue at the earliest of the following times: (1) on the day after the day demand for...
• § 4-3-305 - Defenses and Claims in Recoupment.
  (a) Except as otherwise provided in this section, the right to enforce the obligation of a party to pay an instrument is subject to...
• § 4-3-306 - Claims to an Instrument.
  A person taking an instrument, other than a person having rights of a holder in due course, is subject to a claim of a...
• § 4-3-307 - Notice of Breach of Fiduciary Duty.
  (a) In this section: (1) "Fiduciary" means an agent, trustee, partner, corporate officer or director, or other representative owing a fiduciary duty with respect...
• § 4-3-308 - Proof of Signatures and Status As Holder in Due Course.
  (a) In an action with respect to an instrument, the authenticity of, and authority to make, each signature on the instrument is admitted unless...
• § 4-3-309 - Enforcement of Lost, Destroyed, or Stolen Instrument.
  (a) A person not in possession of an instrument is entitled to enforce the instrument if: (1) (A) the person was entitled to enforce...
• § 4-3-310 - Effect of Instrument on Obligation for Which Taken.
  (a) Unless otherwise agreed, if a certified check, cashier's check, or teller's check is taken for an obligation, the obligation is discharged to the...
• § 4-3-311 - Accord and Satisfaction by Use of Instrument.
  (a) If a person against whom a claim is asserted proves that (i) that person in good faith tendered an instrument to the claimant...
• § 4-3-312 - Lost, Destroyed, or Stolen Cashier's Check, Teller's Check, or Certified Check.
  (a) In this section: (1) "Check" means a cashier's check, teller's check, or certified check. (2) "Claimant" means a person who claims the right...

Last modified: November 15, 2016